S&P puts AT&T on watch

Standard & Poor's said it placed AT&T Inc.'s A corporate credit rating and A-1 short-term and commercial paper ratings on CreditWatch with negative implications.

"The CreditWatch placement reflects our view that the company may not be able to achieve financial metrics fully supportive of the current rating within a reasonable timeframe; we expect a potential downgrade of the corporate credit rating, if any, would be limited to one notch;" S&P analyst Richard Siderman said in a statement.

The company's debt leverage is weak for the A rating, with a debt-to-EBITDA ratio of 2.4x for the 12 months ended June 30, S&P said.

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