Credit Rating

Standard & Poor’s May Downgrade AT&T

Posted on July 28th, 2010 in ATT, Credit Rating, India Shares, inthenews, Standard and Poors, Standard Poors, T, technical analysis, telecommunications

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AT&T logoWednesday morning, Standard & Poor’s announced that it may cut AT&T‘s (T) credit rating because the company could have trouble reducing its debt load within a “reasonable timeframe.”

The ratings house placed the communications firm on CreditWatch negative with implications, which includes the company’s “A” rating and its “A-1″ short-term and commercial paper ratings. S&P stated, that it expects “a potential downgrade of the corporate credit rating, if any, would be limited to one notch.” This news has had very little impact on the stock, as shares of the titan of telecom were trading near break-even by late morning.

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Standard & Poor’s May Downgrade AT&T originally appeared on BloggingStocks on Wed, 28 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.

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Standard & Poor – Business – Credit rating – BloggingStocks – Technical analysis

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