Fitch Ratings has assigned AT&T Inc. (T)’s $3 billion revolving line of credit an A grade.
The lending pact, expiring in 2017, replaced the company’s $3 billion 364-day financing that matures today, according to a statement from the New York-based firm. AT&T, the second-largest U.S. wireless carrier, also extended its $5 billion revolver by one year to December 2016.
Citigroup Inc., JPMorgan Chase & Co., Barclays Plc and Bank of America Corp. arranged the deal for the Dallas-based company, according to data compiled by Bloomberg.
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