Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research AT&T Inc.

SBC, BellSouth, and Cingular on Watch Negative, AT&T Wireless Ratings to Watch Positive

Published Feb 17, 2004

About This Report

Abstract:

NEW YORK (Standard&Poor's) Feb. 17, 2004--Standard&Poor's Ratings Services placed its ratings of regional Bell operating companies (RBOCs) SBC Communications Inc. (A+/A-1) and BellSouth Corp. (A+/A-1), as well as wireless carrier Cingular Wireless LLC (A+/A-1), on CreditWatch with negative implications. At the same time, the CreditWatch listing for AT&T Wireless Services Inc. (BBB/A-2) has been revised to positive from developing. These actions reflect the announced agreement by Cingular to acquire AT&T Wireless' stock for $41 billion in cash, plus the assumption of AT&T Wireless' $10 billion of debt. It is expected that Cingular's parents, SBC (60% owner) and BellSouth (40% owner), will fund a major portion of their proportionate shares of the total $36 billion approximate net

Report Type:

Ratings Action

Ticker

Issuer

AT&T Inc.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: SBC Communications Inc. – 2004/03/30 – US$ 225.00

Summary: SBC Communications Inc. – 2004/07/02 – US$ 225.00

SBC Communications' $1.5B Global Notes Rated 'A+'; Rating Placed on Watch Negative – 2004/08/11 – US$ 150.00

Research Update: SBC Communications Inc. – 2004/08/11 – US$ 225.00

SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative – 2004/08/24 – US$ 150.00

Research Update: SBC Communications Inc. – 2004/02/17 – US$ 225.00

Summary: SBC Communications Inc. – 2004/01/28 – US$ 225.00

BULLETIN: SBC Communications Share Repurchase Authorization Does Not Affect Credit Rating – 2003/12/15 – Free

Summary: SBC Communications Inc. – 2003/10/07 – US$ 225.00

SBC Communications Inc. – 2003/09/05 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "SBC, BellSouth, and Cingular on Watch Negative, AT&T Wireless Ratings to Watch Positive" Feb 17, 2004. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/SBC-BellSouth-and-Cingular-on-Watch-Negative-AT-T-Wireless-Ratings-to-Watch-Positive-359547>

APA:	S&P Global Ratings’ Credit Research. (). SBC, BellSouth, and Cingular on Watch Negative, AT&T Wireless Ratings to Watch Positive Feb 17, 2004. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/SBC-BellSouth-and-Cingular-on-Watch-Negative-AT-T-Wireless-Ratings-to-Watch-Positive-359547>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.