Sprint High Yield Bonds Tumble After Ratings Downgrade Due To Debt Concerns, 'Brutal' Competition

September 16, 2015   |   September 2015 Bond Updates
Bonds backing Sprint tumbled this afternoon following a double-cut downgrade by Moody's on account of concerns about the wireless giant's looming debt maturities, "brutal" competition, and operational stability. The company was downgraded to B3, from B1, and the senior notes were cut to Caa1, from B2.

View more at: http://www.forbes.com/sites/spleverage/2015/09/15/sprint-high-yield-bonds-tumble-after-ratings-downgrade-due-to-debt-concerns-brutal-competition/
 
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