NY -- Standard&Poor's CreditWire 2/1/96 -- Standard&Poor's ratings of Sprint Corp. and its units debt and preferred stock ratings (see table) remain on CreditWatch with positive implications, where they were placed June 7, 1994, following the announcement that Sprint has received $3 billion under an agreement to sell equity interests to France Telecom (FT) and Deutsche Telekom (DT). The companies also announced that their international joint venture, Global One, has opened for business. Under the investment agreement with DT and FT, Sprint will receive another $500 million-$700 million when each company completes its purchase of a 10% equity interest in Sprint. In addition to this money, Sprint is expected to receive a $1.4 billion loan repayment
