View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 3, 1994

CREDIT RATINGS

By CBR Staff Writer

Nextel Communications Inc, Rutherford, New Jersey gets a clean bill of health from Moody’s Investors Service Inc in the wake of its deal with MCI Communications Corp: Moody’s affirmed at B-3 its senior notes and assigned a B3 rating to the company’s new senior notes. About $1,000m of debt is affected. Moody’s cited risks associated with Nextel’s start-up stage, minimal asset protection due to a balance sheet that consists of very high intangible assets, ever-intensyfying competition in the evolving market, and rapid technological development, but on the other side of the balance cites the fact that the ratings are supported by high industry growth opportunities, strong business alliance, large investment positions taken by MCI Communications Inc and Comcast Corp, and the solid support provided by Motorola Inc as its vendor of equipment.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU