Sprint Bonds Reel on Moody's Blow as Losses Top $1.5 Billion

Updated on
  • Moody's lowers rating to six levels below investment grade
  • Cites brutal competition and refinancing risk as concerns

Bondholders of wireless carrier Sprint Corp. were blindsided after Moody’s Investors Service cut the credit rating of the largest U.S. junk-rated company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.