NEW YORK (Standard&Poor's) Aug. 4, 2005--Standard&Poor's Ratings Services said today that its ratings on Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement. "Upon completion of the merger between the two companies, likely to close within the next few weeks, we expect to raise our corporate credit and senior unsecured debt ratings on Sprint to 'A-' from 'BBB-'," said Standard&Poor's credit analyst Eric Geil. At the same time, we expect to raise our corporate credit rating on Nextel to 'A-' from 'BB+', and raise the rating on Nextel's senior unsecured debt to 'A-' from 'BB'. The outlook on the merged "Sprint-Nextel" will be stable. The
