Fitch keeps Sprint on review

Fitch Ratings said it maintained the rating watch positive on Sprint Corp. and Sprint Communications Inc.'s B+ long-term issuer default ratings and outstanding debt including debt issued at Sprint Capital Corp. pending the outcome of regulatory review.

The agency said the transaction between Sprint Corp. and T-Mobile US, Inc., as proposed, is likely to lead to a three-notch upgrade to the issuer default ratings and outstanding debt of Sprint and its subsidiaries based on existing assumptions.

Fitch said Sprint's final rating will depend on several factors, including the merger receiving regulatory approval, an assessment of the potential effect of any additional conditions placed on the transaction by the regulatory approval process, the operational performance of T-Mobile at the time of closing and a final committee review by Fitch to assess any change in assumptions that may have occurred from the time the merger was announced.

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