29.01.2016 19:33:00
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AT&T Inc. -- Moody's rates AT&T's new notes Baa1, outlook remains negative
New York, January 29, 2016 -- Moody's Investors Service assigned a Baa1 rating to AT&T Inc.'s ("AT&T") new debt offering. Moody's expects the majority of proceeds to be used to repay upcoming debt maturities or opportunistic refinancing and a small amount for general corporate liquidity. Moody's anticipates that pro forma leverage (including Moody's adjustments) including the new debt issuance will not change materially and the new bond issuance will not immediately impact the company's Baa1 senior unsecured long term debt or the Prime-2 short-term debt rating.