S&P assigns AT&T notes A

Standard & Poor's said it assigned its A rating to AT&T Inc.'s $2.25 billion 2.5% global notes due

2015 and placed that rating on Creditwatch with negative implications.

The Creditwatch listing reflects its view that AT&T may not be able to achieve financial metrics fully supportive of the current rating within a reasonable timeframe, the agency said.

S&P added that all ratings on AT&T and related entities, including the A corporate credit rating, are on Creditwatch negative.

In resolving the Creditwatch, S&P said it will assess AT&T's overall business risk profile in the future, given the evolving industry dynamics for both the wireline and wireless sectors, as well as its view of how the company's longer term financial policy will affect its ability to materially strengthen credit metrics.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.