NEW YORK—Moody’s Investor Services placed its ratings of Nextel Communications Inc. and Nextel Finance Co. on review for possible downgrade citing concerns about Nextel’s ability to grow enough cash flow to meet its capital expenditure requirements and mounting debt service obligations, and achieve free cash flow in a reasonable time frame.
Moody’s currently has a Ba3 rating on Nextel’s senior implied, B1 rating on its senior unsecured, B3 on its preferred stock and Ba2 on its senior secured credit facilitates.
Moody’s may downgrade Nextel
ABOUT AUTHOR
