NEW YORK (Standard&Poor's) Nov. 16, 2006--Standard&Poor's Ratings Services said today it assigned its 'BBB+' rating to Sprint Nextel Corp.'s $2 billion senior unsecured notes due 2016. Reston, Va.-based wireless carrier Sprint Nextel (BBB+/Negative/A-2) will use the proceeds of the $2 billion senior unsecured notes for general corporate purposes, including the repayment of all or a portion of its $1.6 billion 6% senior notes due Jan. 15, 2007, of Sprint Capital Corp. "The ratings on Sprint Nextel reflect a satisfactory business profile from its position as the third-largest wireless carrier in the U.S.," said Standard&Poor's credit analyst Allyn Arden. The ratings also reflect Nextel's high average revenue per user and low subscriber churn from its
