SAN FRANCISCO (Standard&Poor's) July 29, 2010--Standard&Poor's Ratings Services said today it assigned its 'A' rating to Dallas-based integrated telecommunications provider AT&T Inc.'s $2.25 billion 2.5% global notes due 2015 and placed that rating on CreditWatch with negative implications. The CreditWatch listing reflects our view that AT&T Inc. may not be able to achieve financial metrics fully supportive of the current rating within a reasonable timeframe. All ratings on AT&T Inc. and related entities, including the 'A' corporate credit rating, are on CreditWatch Negative. (For the complete corporate credit rating rationale, see the research update on AT&T Inc., published July 28, 2010, on RatingsDirect.) In resolving the CreditWatch, Standard&Poor's will assess AT&T Inc.'s overall business
