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S&P rates AT&T notes A
Standard & Poor's said it assigned an A rating to AT&T Inc.'s £750 million notes due 2017 and £1.1 billion notes due 2040 and affirmed its ratings, including the A corporate credit rating.
The outlook is negative.
Proceeds will be used for general purposes and the refinancing of upcoming debt maturities.
The agency said the A corporate credit rating reflects AT&T's solid investment-grade business position and modest financial profile.
The negative outlook indicates S&P's view that current leverage metrics are only marginally supportive of the rating.
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