NEW YORK (Standard&Poor's) May 9, 2008--Standard&Poor's Ratings Services today assigned its 'A' rating to San Antonio, Texas-based diversified telecommunications carrier AT&T Inc.'s $2.25 billion of new global notes, consisting of $1 billion notes due 2018 and $1.25 billion notes due 2038. At the same time, we affirmed the 'A' rating on the $750 million add-on to its existing $1.75 billion notes due 2013 for a new amount of $2.5 billion. Proceeds will be used for general corporate purposes, including the partial refinancing of the company's commercial paper borrowings, which totaled $7.7 billion at March 31, 2008. As of March 31, 2008, the company had about $73.5 billion of total funded debt outstanding. The ratings for AT&T
