On Dec. 3, 2007, Standard&Poor's Ratings Services assigned its 'A' rating to AT&T Inc.'s proposed $2 billion of global notes due 2038 and $1 billion of global notes due 2013. Proceeds will be used for general corporate purposes, including the repayment of maturing debt. Total debt outstanding at Sept. 30, 2007 was about $61 billion. The ratings reflect San Antonio, Texas-based AT&T's (A/Stable/A-1) strong position in the fast-growing wireless sector, healthy financial performance of its wireline business, and modest financial profile. AT&T is one of the largest communications companies in the U.S. and benefits from its scale as both a local telephone and wireless provider with a base of 63 million switched access lines and 66 million wireless
