Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (4 lettori)

waltermasoni

Caribbean Trader
Rating Action:
Moody's assigns B1 rating to Sprint's proposed junior guaranteed notes; ratings remain on review for upgrade

29 Jan 2020
New York, January 29, 2020 -- Moody's Investors Service (Moody's) assigned a B1 rating to Sprint Corporation's (Sprint) new $1 billion senior unsecured junior guaranteed notes due 2028 (Notes). All of Sprint's credit ratings are on review for upgrade. Sprint intends to use the net proceeds to refinance debt. The incremental unsecured notes will provide long duration debt capital and preserve Sprint's secured debt capacity. The Notes have a mandatory special redemption at par in the event Sprint's merger with T-Mobile US, Inc. (T-Mobile US), parent of T-Mobile USA, Inc. (T-Mobile, Ba2 stable), is completed.



Assignments:

..Issuer: Sprint Corporation

....Gtd Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD3), Under Review for Upgrade



Unchanged:

..Issuer: Sprint Communications, Inc.

....Senior Secured Bank Credit Facility Unchanged at Ba2 (LGD2) from (LGD1)

....Senior Secured Regular Bond/Debenture Unchanged at Ba2 (LGD2) from (LGD
 

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