NEW YORK (Standard&Poor's) August 15, 2011--Standard&Poor's Ratings Services said today that it assigned its 'A-' issue-level rating to AT&T Inc.'s proposed senior unsecured $4 billion to $5 billion notes due 2016, 2021, and 2041. We expect the company to use net proceeds primarily for the repayment of debt maturing over the next few quarters. Therefore, we do not expect this transaction to add leverage to AT&T's balance sheet for more than a temporary period, or lead to any change in our financial risk assessment. The long-term corporate credit rating on AT&T is 'A-' and the rating outlook is stable. The rating continues to reflect a strong business risk profile and a financial risk profile that we
