Moody's rates AT&T notes A2

Moody's Investors Service said it assigned an A2 senior rating to AT&T Inc.'s new senior notes due 2016 and 2021.

Moody's expects the issuance to raise at least $2.5 billion in gross proceeds for the company, which will be used for general corporate purposes.

The company's ratings remain on review for possible downgrade following the company's announcement that it will acquire T-Mobile USA from Deutsche Telekom (Baa1/stable) in a cash and stock transaction valued at $39 billion, the agency said.

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