NEW YORK-Standard & Poor’s Corp. raised Sprint Corp. and Centel Capital Corp.’s senior debt ratings and Sprint Capital Corp.’s issuer credit rating to a A-from BBB. Sprint Corp.’s preferred stock rating also was raised from BBB to A-.
In addition, Standard and Poor’s assigned an A- rating to borrowings under Sprint Corp. and Sprint Capital Corp.’s bank loan agreement. Sprint Corp.’s commercial paper rating is AA-. About $1.4 billion of rated long-term debt and preferred stock is affected.
