On Nov. 8, 2005, Standard&Poor's Ratings Services assigned its 'A' rating to San Antonio, Texas-based SBC Communications Inc.'s $2 billion of new unsecured debt securities to be issued under its shelf registration. These will consist of $500 million floating-rate notes due 2008, $1 billion global notes due 2010, and $500 million 6.15% global notes due 2034, which will be issued as an add-on to $500 million of notes issued in November 2004. Net proceeds will be used for general corporate purposes, including repayment of a portion of outstanding commercial paper borrowings. At the same time, we affirmed our 'A' corporate credit and senior unsecured debt ratings on the company. The outlook is negative. Total debt outstanding at Sept.
