Standard&Poor's said today that Sprint Corp.'s (BBB-/Stable/A-3) press release confirming its liquidity position and near completion of a new bank facility to replace the $2 billion facility that expires in August 2003 has no impact on the company's credit rating or outlook. Standard&Poor's rating revision on the company on June 14, 2002, incorporated Sprint's good liquidity position and the expectation that the company would successfully renegotiate its credit facility. As of June 30, 2002, excluding the $2 billion credit facility that does not expire until August 2003 and potential proceeds from the sale of the directories business, sources of liquidity totaled $1.85 billion. In addition, the company is expected to be free cash flow positive by
