|Bid||0.00 x 1100|
|Ask||0.00 x 1200|
|Day's Range||8.34 - 8.66|
|52 Week Range||4.26 - 10.16|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2020 - Aug 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.45|
Moody's Investors Service (Moody's) has assigned a Baa3 to T-Mobile USA, Inc.'s (T-Mobile) proposed senior secured notes (Secured Notes). Moody's has also affirmed T-Mobile's Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR), and maintained the company's SGL-1 speculative grade liquidity rating. The affirmation of the Ba2 CFR reflects Moody's view that if the proceeds are used for other than refinancing existing indebtedness, it will slow the pace of T-Mobile's deleveraging.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of T-Mobile USA, Inc. New York, September 28, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of T-Mobile USA, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service (Moody's) has assigned a Baa3 to T-Mobile USA, Inc.'s (T-Mobile) proposed senior secured notes (Secured Notes). T-Mobile's Ba2 CFR reflects the company's large scale of operations, extensive asset base and enhanced industry market position post its April 1, 2020 merger with Sprint Corporation (Sprint) which has resulted in the company exceeding AT&T Inc. (AT&T, Baa2 stable) on a wireless subscriber basis. T-Mobile's financial policy is focused on improving leverage to under 4x (Moody's adjusted) over time as a result of synergies associated with a multi-year integration of Sprint's wireless network into the legacy T-Mobile wireless network, including the successful migration of most of Sprint's customers to T-Mobile's network.