On March 13, 2007, Standard&Poor's Ratings Services assigned its 'A' rating to AT&T Inc.'s €1.25 billion 4.375% notes due 2013 and £600 million 5.5% notes due 2027. Proceeds will be used for general corporate purposes, including repurchases of common stock under the company's previously announced stock repurchase plan. At the same time, we affirmed the 'A' corporate credit rating on AT&T Inc., since the proposed notes will not have a material impact on the company's credit profile. The outlook is negative. Pro forma for these new debt issues, AT&T's total debt as of Dec. 31, 2006, was about $63 billion. The ratings on the enlarged AT&T, a regional Bell operating company, and its related entities reflect the company's
