Fitch rates AT&T notes A

Fitch Ratings said it assigned an A rating to AT&T Inc.'s offering of C$1 billion of senior unsecured 3.825% notes due 2020.

The proceeds will be used for general corporate purposes, including the funding of the cash consideration for a tender offer of certain debt issues.

AT&T's issuer default rating is A and the outlook is negative.

The ratings are supported by the company's diversified revenue mix, significant size and economies of scale as the largest telecommunications operator in the United States, strong free cash flows and an expectation that AT&T will benefit from continued growth in wireless operating cash flows, Fitch said.

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