Moody's rates AT&T loans A2

Moody's Investors Service said it assigned an A2 rating to AT&T Inc.'s $3 billion incremental credit facility due Dec. 15, 2008. Moody's affirmed the Prime-1 short-term rating.

The senior unsecured credit facility will be used to backstop the company's commercial paper program, which was upsized to $15 billion from $12 billion.

AT&T continues to maintain adequate liquidity and is expected to have sufficient liquidity to cover its cash requirements, the agency noted.

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