New York, August 01, 2016 -- Moody's Investors Service, ("Moody's") has affirmed the B3 corporate family rating (CFR) of Sprint Corporation ("Sprint"), upgraded Sprint's speculative grade liquidity (SGL) rating to SGL-3 from SGL-4 and changed Sprint's ratings outlook to stable from negative. Moody's has also affirmed Sprint's B3-PD probability of default rating, Ba3 senior guaranteed rating, B1 junior guaranteed rating and Caa1 senior unsecured rating. The stable outlook is the result of Sprint's improved liquidity and the stabilization of wireless subscribers and service revenues over the past several quarters.

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