SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative - S&P Global Ratings’ Credit Research

SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative

SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative - S&P Global Ratings’ Credit Research
SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative
Published Aug 24, 2004
Published Aug 24, 2004
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Aug. 24, 2004--Standard&Poor's Rating Services today assigned its preliminary 'A+' rating to the debt portion of SBC Communications Inc.'s (A+/Watch Neg/A-1) $15.5 billion universal shelf registration. Simultaneously, Standard&Poor's placed this rating on CreditWatch with negative implications in accordance with existing ratings for SBC. Proceeds from debt issued under this shelf will be used to repay a portion of the company's outstanding debt and for general corporate purposes. Standard&Poor's announced on March 26, 2004, that it will be conducting a review of the investment-grade regional Bell operating companies (RBOCs), including SBC Communications Inc., given the rising business risk that these carriers face. Accordingly, the current CreditWatch listing for the ratings

  
Report Type:

Ratings Action

Ticker
T
Issuer
AT&T Inc.
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
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Research Update: SBC Communications Inc. – 2004/09/28 – US$ 225.00

Research Update: SBC Communications Inc. – 2004/10/07 – US$ 225.00

Research Update: SBC Communications Inc. – 2004/10/27 – US$ 225.00

Summary: SBC Communications Inc. – 2004/11/22 – US$ 225.00

Research Update: SBC Communications Inc. – 2004/08/24 – US$ 225.00

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

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

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

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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative" Aug 24, 2004. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/SBC-Communications-15-5B-Universal-Shelf-Rated-Preliminary-A-and-Put-on-Watch-Negative-392011>
  
APA:
S&P Global Ratings’ Credit Research. (). SBC Communications' $15.5B Universal Shelf Rated Preliminary 'A+' and Put on Watch Negative Aug 24, 2004. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/SBC-Communications-15-5B-Universal-Shelf-Rated-Preliminary-A-and-Put-on-Watch-Negative-392011>
  
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