S&P Monitoring Possible Sprint, SoftBank Deal

Standard & Poor’s is watching SoftBank Corp. closely after learning it may purchase a controlling stake in Sprint Nextel Corp.

Standard & Poor’s on Friday put SoftBank’s credit ratings on watch with negative implications, saying that a deal tying the company to Sprint (NYSE: S) could “undermine” the Japanese wireless carrier’s financial risk profile.

The ratings service described Sprint’s financial risk profile as “significantly weaker” and “less than adequate.”

Read more on Kansas City Business Journal.

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