Nextel results pave way for rating rehabilitation


Nextel Communications continues to make progress towards emerging from junk status and crossing over into investment-grade territory. The Reston, VA-based wireless service provider posted strong financial results during the second quarter, which helped keep its credit rating in the upper levels of the junk range.

Rating agencies are taking note of both the operational and financial progress. Both Fitch Ratings and Standard & Poor’s affirmed their BB+ ratings and their positive outlooks while

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