S&P rates Sprint Nextel program A-2

Standard & Poor's said it assigned its A-2 short term rating to Sprint Nextel Corp.'s potential $2 billion commercial paper program.

"The program is backed by the company's $6 billion unsecured revolving credit facility maturing in 2010," said S&P credit analyst Eric Geil.

The A- corporate credit and unsecured debt ratings on Sprint Nextel and its subsidiaries are affirmed, the agency said, noting that the ratings on Sprint Nextel continue to reflect a strong business profile from its wireless business' industry-leading average revenue per user and low subscriber churn from its entrenched customer base.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.