Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Sprint Communications Inc.

Sprint Corp. $2 Billion Medium-Term Notes Rated 'BBB+', On CreditWatch Positive

Published Nov 09, 1999

718 words — Published Nov 09, 1999

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About This Report

Abstract:

NEW YORK (Standard&Poor's CreditWire) Nov. 9, 1999--Standard&Poor's today assigned its triple-'B'-plus rating to the $2 billion medium-term notes to be jointly issued by Sprint Corp. (Sprint) and its subsidiary Sprint Capital Corp. under a Rule 415 shelf registration drawdown. The notes are placed on CreditWatch with positive implications. Sprint Capital Corp. is a funding conduit for Sprint's nonregulated activities. Debt securities issued by Sprint Capital Corp. are guaranteed by Sprint. Proceeds of the new debt securities will be used to refinance some debt, to fund previously anticipated capital requirements over the next 24 months, and for general corporate purposes. About $15 billion of total debt was outstanding at Sept. 30, 1999. The ratings on Sprint and

Brief Excerpt:

RESEARCH Sprint Corp. $2 Billion Medium-Term Notes Rated '###+', On CreditWatch Positive Publication date: 09-Nov-1999 NEW YORK (Standard & Poor's CreditWire) Nov. 9, 1999--Standard & Poor's today assigned its triple-'B'-plus rating...

Report Type:

Ratings Action

Ticker

Issuer

Sprint Communications Inc.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Sprint Corp. Ratings Still on CreditWatch With Positive Implications Following Announcement – 2000/01/27 – US$ 150.00

Sprint Corp. Ratings Affirmed Following Announcement – 2000/11/21 – US$ 150.00

BULLETIN: Sprint Corp. Shares to be Sold by France Telecom and Deutsche Telekom – 2001/02/21 – US$ 150.00

BULLETIN: Sprint PCS Cuts Roaming Rates to Sprint PCS Affiliates – 2001/05/01 – US$ 150.00

BULLETIN: Sprint Corp. Revises Forecasts for 2nd Quarter and Fiscal 2001 – 2001/05/18 – US$ 150.00

Sprint Corp.'s $4 Billion Senior Unsecured Debt Securities Rated Preliminary 'BBB+' – 1999/08/04 – US$ 150.00

Sprint Corp. and Subsidiaries Ratings Lowered – 1999/04/21 – US$ 150.00

Sprint $7B Shelf Debt Rated Prelim 'A-' by S&P – 1998/10/15 – US$ 150.00

Sprint Rtgs Still CreditWatch Positive, Says S&P – 1996/02/01 – US$ 150.00

S&P Rts Sprint Cellular Sr Nts BBB-,Stable Outlk – 1996/01/15 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Sprint Corp. $2 Billion Medium-Term Notes Rated 'BBB+', On CreditWatch Positive" Nov 09, 1999. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sprint-Corp-2-Billion-Medium-Term-Notes-Rated-BBB-On-CreditWatch-Positive-130928>

APA:	S&P Global Ratings’ Credit Research. (). Sprint Corp. $2 Billion Medium-Term Notes Rated 'BBB+', On CreditWatch Positive Nov 09, 1999. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sprint-Corp-2-Billion-Medium-Term-Notes-Rated-BBB-On-CreditWatch-Positive-130928>

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