Sprint Corp. Corporate Credit Rating: BBB+/Negative/A-2 Standard&Poor's said today that the announcement of Sprint PCS and its affiliates of a roaming rate cut has no impact on the credit ratings or outlooks on parent Sprint Corp. and the six rated affiliates subject to this rate reduction: AirGate PCS (B-/Positive/-- corporate credit rating), Alamosa Delaware Inc. (B-/Positive/--), iPCS Inc. (B-/Stable/--), Horizon PCS Inc. (B-/Stable/--), IWO Holdings Inc. (B-/Stable/--), and UbiquiTel Inc. (B-/Stable/--). US Unwired Inc. (B/Stable/--) is not subject to this new rate agreement until the end of 2002. The cash flow impact of the new roaming rate agreement is not expected to be material to the affiliates that are in more advanced stages of operations. Affiliates that depend