NY -- Standard&Poor's CreditWire 10/15/98 -- Standard&Poor's today assigned its preliminary single-'A'-minus rating to the Rule 415 shelf registration of $7 billion senior unsecured debt securities to be issued by Sprint Corp. and/or Sprint Capital Corp. The net proceeds from the sale of these debt securities are intended to repay short-term debt of Sprint Corp. and Sprint Capital, long-term obligations of Sprint and its subsidiaries, and debt obligations of the new personal communication services (PCS) group following completion of the Sprint Spectrum L.P. restructuring. The outstanding ratings for Sprint Corp. and Sprint Capital were affirmed (see list below). In addition, the ratings of Sprint Spectrum L.P. remain on CreditWatch with positive implications (see list), where they
