"Fitch currently rates both Sprint Nextel's issued default and senior unsecured ratings at "BB+," which is considered junk status.
Fitch said it considered past deterioration in credit metrics, consumer sentiment and Sprint Nextel's competition when deciding to affirm the rating. Sprint Nextel's first-quarter operating performance met lowered expectations as well, Fitch said in a statement." - CNN Money
Business Wire Press Release
Sprint Nextel NYSE stock ticker: S
RELATED
Sprint Gouges Small Business for over $50,000.00
Share, Bookmark or Email