Fitch assigns Sprint Nextel loan BBB+

Fitch Ratings said it assigned a BBB+ rating to Sprint Nextel Corp.'s proposed five-year issues, including the $6.0 billion senior unsecured revolving credit facility and $3.2 billion 364-day senior unsecured term loan.

Fitch said it also rates Sprint Corp.'s, Sprint Capital Corp.'s and Nextel Communications Inc.'s senior unsecured notes BBB+. The outlook is stable.

The agency said Sprint Nextel's liquidity position is very strong, given a cash and short-term investment position of $8.9 billion at the end of third quarter.

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