Sprint Slapped

Some not so great news for Sprint. Their bond debt rating has dropped to Bbb. Now RCR calls this junk status. Oddly most analysts would not consider that rating quite junk but close.

But it is still a problem for Sprint. This drop in the rating raises the costs for internal programs like Xohm. It also puts Sprint in a disadvantage vis a vis its competitors.in any form of pricing war for new services.

RCR’s view here.