NEW YORK (Standard&Poor's) Nov. 16, 2012--Standard&Poor's Ratings Services today assigned Dallas-based telecom company AT&T Inc.'s proposed senior notes (undetermined amount) due 2042 and 2045 its 'A-' issue-level rating. We expect the company to exchange these notes for existing debt, and we do not expect this transaction to materially affect key credit measures The 'A-' long-term corporate credit rating on AT&T remains unchanged, as do the 'A-2' short-term rating and the stable rating outlook. The ratings on AT&T continue to reflect an overall "strong" business risk profile, bolstered by its wireless business, and a financial risk profile which Standard&Poor's considers "intermediate". Our financial risk assessment is based on the company's substantial free operating cash flow
