S&P rates AT&T notes A-

Standard & Poor's said it assigned AT&T Inc.'s $1.15 billion of senior notes due 2017 its A- issue-level rating.

In addition, the agency said the A- rating on the company's notes due 2022 remains unchanged following an $850 million add-on, bringing the aggregate dollar amount of this issue to $1.85 billion.

The A- long-term corporate credit rating on AT&T also 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 and a financial risk profile which the agency considers intermediate based on the company's substantial free operating cash flow generation and leverage of about 2.6x.

© 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.