Credit rating agency, Moody’s Investors Service has put the U.S. based satellite service provider, Dish Network Corp. (DISH) on review for a possible downgrade. This decision by the agency is in response to DISH’s proposal to acquire Sprint Nextel Corp. (S), the third-largest wireless carrier in the U.S., for $25.5 billion. DISH has proposed to pay $7 per share, which includes $4.76 in cash and 0.05953 of DISH share for every Sprint share. This recent offer from DISH counters Japanese telecom carrier, SoftBank Corp.’s bid to buy 70% of Sprint’s stake for a total consideration of $20.1 billion. Currently, DISH Network holds a Ba2 corporate credit rating from Moody’s, which places the third-largest U.S. satellite provider into junk category. Moody’s has announced that it will evaluate the strategic synergies and
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