S&P rates Sprint Nextel loan A-

Standard & Poor's said it assigned its A- rating to the $9.2 billion senior unsecured credit facility of Sprint Nextel Corp.

Existing ratings on Sprint Nextel, including the A- corporate credit rating, were affirmed. The outlook is stable.

S&P said ratings on Sprint Nextel reflect a strong business profile from the Nextel wireless business' industry-leading average revenue per user and low subscriber churn from its deeply entrenched customer base.

Tempering factors include competitive wireless industry conditions as well as potential business integration and network technology migration challenges, the agency noted.

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