NY -- Standard&Poor's CreditWire 1/15/96 -- Standard&Poor's assigns its triple-`B'-minus rating to Sprint Cellular Co.'s aggregate $800 million senior notes. The senior notes will be issued in two maturities, one due 2003 and one 2006. Sprint Cellular is presently an indirect wholly owned subsidiary of Sprint Corp., and in February 1996 will be spun off to Sprint Corp. shareholders as an independent company. A new corporate name for the Sprint Cellular entity will be chosen before the spin. The rating reflects Sprint Cellular's good business position as one of the most established carriers in the cellular telephone industry. The strong business position is mitigated somewhat by $1.4 billion in debt that the company will have outstanding
