Fitch affirms AT&T

Fitch Ratings said it has affirmed the long- and short-term issuer default ratings for AT&T Inc. as follows: long-term issuer default rating at A and short-term issuer default rating at F1.

In addition, Fitch said it has affirmed the ratings assigned to AT&T's debt classes and the issuer default ratings and ratings of the other AT&T-related issuers listed at the end of this release.

The outlook is stable.

In addition, Fitch said it has placed the ratings for Centennial Communications Corp. and its subsidiaries on rating watch positive as follows:

• Centennial Communications Corp.'s issuer default rating B and senior unsecured notes CCC+/RR6; and

• Centennial Cellular Operating Co.'s issuer default rating B, senior secured credit facility to BB/RR1 and senior unsecured notes to BB/RR1.

The rating actions reflect AT&T's Nov. 7 announcement that it will acquire Centennial for $944 million in cash, Fitch said.

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