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BULLETIN: Sprint Corp. Shares to be Sold by France Telecom and Deutsche Telekom

Published Feb 21, 2001

337 words — Published Feb 21, 2001

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Abstract:

Corporate Credit Rating: BBB+/Negative/A-2 Standard&Poor's said today that Sprint Corp.'s credit rating and outlook are not affected by France Telecom's and Deutsche Telekom AG's planned sale of their stakes in Sprint in the first quarter of 2001. While the sale of up to 174.8 million shares could create an oversupply of Sprint shares in the market, possibly delaying Sprint's planned $3 billion new equity offering to the latter half of 2001, the outlook already incorporates the need for the company's equity offering to offset the $2 billion of new debt to fund 2001 capital requirements.

Brief Excerpt:

RESEARCH BULLETIN: Sprint Corp. Shares to be Sold by France Telecom and Deutsche Telekom Publication date: 21-Feb-2001 Corporate Credit Rating: ###+/Negative/A-2 Standard & Poor's said today that Sprint Corp.'s credit rating and outlook...

Report Type:

News

Ticker

Issuer

Sprint Communications Inc.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: Sprint Corp. Shares to be Sold by France Telecom and Deutsche Telekom" Feb 21, 2001. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Sprint-Corp-Shares-to-be-Sold-by-France-Telecom-and-Deutsche-Telekom-183406>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: Sprint Corp. Shares to be Sold by France Telecom and Deutsche Telekom Feb 21, 2001. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Sprint-Corp-Shares-to-be-Sold-by-France-Telecom-and-Deutsche-Telekom-183406>

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