S&P rates AT&T notes A-

Standard & Poor's said it assigned an A- issue rating to AT&T Inc.'s proposed senior notes due 2042 and 2045.

The agency said it expects the company to exchange these notes for existing debt. The transaction is not expected to materially affect key credit measures.

The A- long-term corporate credit rating on AT&T remains unchanged, as do the A-2 short-term rating and the stable outlook.

S&P said the ratings on AT&T continue to reflect an overall strong business risk profile, bolstered by its wireless business and a financial risk profile that S&P considers intermediate.

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