DBRS Rates AT&T Inc.’s $5.5 billion Notes Issue “A”, Stable Trend

DBRS has today assigned a rating of “A” with a Stable trend to AT&T Inc.’s (AT&T Inc. or the Company) recently announced $5.5 billion aggregate notes issue.

The issue was done in three tranches that consisted of: (a) $1.0 billion 4.85% notes that mature in February 2014; (b) $2.25 billion 5.80% notes that mature in February 2019; and (c) $2.25 billion 6.55% notes that mature in February 2039.

DBRS expects the Company to use the proceeds from this issue for general corporate purposes including the repayment of commercial paper.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Telecommunications, which can be found on our website under Methodologies.

This is a Corporate rating.