Moody's upgrades Sprint's Notes due 2022 to Ba2
New York, February 10, 2017-- Moody's Investors Service, has upgraded Sprint Communications, Inc.' s $200 million debentures due 2022 to Ba2 from B3. The upgrade is the result of the outstanding 9.25% notes being secured by collateral pledged by the issuer on an equal and ratable basis with Sprint's new $6 billion secured revolving and term loan credit facility on February 3, 2017.. Senior Secured Regular Bond/Debenture due 2022, Upgraded to Ba2 from B3.
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