On Nov. 12, 2008, Standard&Poor's Ratings Services assigned its 'A' rating to Dallas-based integrated telecommunications carrier AT&T Inc.'s proposed issuance of approximately $1 billion of notes due 2013. Proceeds will be used for general corporate purposes. At the same time, we affirmed the company's 'A' corporate credit and senior unsecured ratings and its 'A-1' commercial paper (CP) rating. As of Sept. 30, 2008, the company had $77 billion of total funded debt outstanding. The outlook is stable. The ratings reflect AT&T's strong position in the fast-growing wireless sector, the healthy overall financial performance of its wireline business, and a modest financial profile, including strong net free cash flow generation and debt to EBITDA in the low-2x area, pro
