S&P puts Sprint's B+ rating on Watch Positive

theflyonthewall.com

Standard & Poor's Ratings Services placed its 'B+' corporate credit rating, and all other ratings, on Sprint Nextel Corp. on CreditWatch with positive implications. The CreditWatch placement follows Sprint Nextel's announcement that it is in talks with Japan's Softbank Corp., which is seeking to buy all or part of Sprint Nextel. The CreditWatch placement reflects the possibility that it could raise its ratings on Sprint Nextel if Softbank is successful in its negotiations to acquire a large stake in the company.

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