Fitch Rates AT&T’s $3 Billion Revolving Line of Credit due 2017

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.

To contact the reporter on this story: Michael Amato in New York at mamato3@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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