Sprint Shares, Bonds Fall to Multiyear Lows on Turnaround Doubts

  • Morgan Stanley credit analyst Hamburger sounds alarm on loans
  • Stock is down 32% in January alone on liquidity concerns

Shares of Sprint Corp., the fourth-largest U.S. wireless carrier, fell 7.2 percent to the lowest level in more than two years as investors grew more pessimistic about its ability to pay down debt. Its bonds led declines among junk-rated debt Wednesday.

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