NEW YORK (Standard&Poor's) Nov. 28, 2012--Standard&Poor's Ratings Services today assigned Dallas-based diversified telecom provider AT&T Inc.'s proposed €1 billion senior notes due 2020 its 'A-' issue-level rating. 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 since we do not expect the transaction to materially affect key credit measures. 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 generation and leverage of about 2.5x as of Sept. 30, 2012, including
