Moody's may cut AT&T

Moody's Investors Service said it placed AT&T Inc.'s A2 senior unsecured ratings and Prime-1 rating for commercial paper on review for downgrade.

The agency said the review was prompted by the company's announcement that it is has changed its financial policy and will increase leverage to repurchase stock and step up capital spending.

Moody's said its review would consider the increase in the company's leverage target against the offsetting positives that may derive from increased capital spending in the wireless and wireline businesses.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.