Fitch Downgrades Sprint Nextel to 'BB-'; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded the ratings for Sprint Nextel Corporation and its subsidiaries as follows: Sprint Nextel Corporation (Sprint Nextel) --Issuer Default Rating (IDR) to 'BB-' from 'BB'; --Senior Unsecured Credit Facility to 'BB-' from 'BB'; --Senior Unsecured Notes to 'BB-' from 'BB'. Sprint Capital Corporation --IDR to 'BB-' from 'BB'; --Senior Unsecured ...
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