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S&P and Moody's downgrade AT&T after $18B airwaves bid | |
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February 03, 2015 S&P and Moody's downgraded AT&T Inc. after the wireless carrier bid $18.2 billion for additional airwaves. Standard& Poor's Ratings Services lowered AT&T's corporate credit rating one step, to "BBB+" from "A-," saying the increased spectrum is good for AT&T's wireless business but it expected the company to pay less, $15 billion to $16 billion. Source: http://www.cnbc.com/id/102390330 |
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