Fitch gives AT&T notes A

Fitch Ratings said it is maintaining the A rating on AT&T Inc.'s latest offering of $500 million of 1.4% senior unsecured notes due 2017.

The notes are being issued as part of the same series as the $1.5 billion of 1.4% senior unsecured notes due 2017 that were issued in December and previously rated A, the agency said.

Proceeds are expected to be used for general corporate purposes.

AT&T's issuer default rating is A, and the outlook is negative, Fitch noted.

The agency said that the company's ratings are bolstered by financial flexibility, the diversified revenue mix and the significant size and economies of scale as the largest telecommunications operator in the United States.

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