Corporate credit ratings: France Télécom A-/Negative/A-2 Deutsche Telekom AG A-/Negative/A-2 Standard&Poor's said today that France Télécom's (FT) and Deutsche Telekom AG's (DT) planned joint disposal of their stakes in Sprint has already been incorporated into the companies' current ratings and outlook. DT and FT each have a 10% stake in Sprint FON, worth about $2 billion (€2.2 billion) based on the current stock price. The transaction is expected to occur in the first quarter of 2001 through a secondary public offering. Although the sale of their interests in Sprint should facilitate near-term debt reduction, both groups will continue to be significantly exposed to market volatility while seeking to complete their disposal and share-placement plans in order to return
