NEW YORK (Standard&Poor's) Dec. 3, 2007--Standard&Poor's Ratings Services said today it assigned its 'A' rating to AT&T Inc.'s proposed $2 billion of global notes due 2038 and $1 billion of global notes due 2013. Proceeds will be used for general corporate purposes, including the repayment of maturing debt. Total debt outstanding at Sept. 30, 2007, was about $61 billion. "Our ratings on AT&T reflect its strong position in the fast-growing wireless sector, the healthy financial performance of its wireline business, and modest financial profile," said Standard&Poor's credit analyst Catherine Cosentino. San Antonio, Texas-based AT&T (A/Stable/A-1) is one of the largest communications companies in the U.S. and benefits from its scale as both a local
