Moodys Investors Service - ATT Inc. (T) Moodys says ATTs offer to exchange ATT notes for WarnerMedia (formerly Time Warner Inc.) notes is credit positive

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Moody's Investors Service

Moody's says AT&T's offer to exchange AT&T notes for WarnerMedia (formerly Time Warner Inc.) notes is credit positive

Announcement: Moody's says AT&T's offer to exchange AT&T notes for WarnerMedia notes is credit positive. Global Credit Research- 02 May 2019. New York, May 02, 2019-- Moody's Investors Service said that AT&T Inc.' s announcement on May 2, 2019 that it is commencing an obligor note exchange of new AT&T notes in exchange for notes of its 100% owned subsidiary WarnerMedia Inc.-- formerly known as Time Warner Inc. and its subsidiary Historic TW Inc., is credit positive.

02/05/2019 4 EN

Underlying

AT&T Inc.

AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.

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US00206R1023 New York Stock Exchange United States

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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Moody's says AT&T's offer to exchange AT&T notes for WarnerMedia (formerly Time Warner Inc.) notes is credit positive

AT&T Model Update

AT&T: quick thoughts following the call

AT&T 1Q24 Quick Take

Moody's Ratings announces completion of a periodic review of ratings of CITGO Holding, Inc.

Moody's Ratings assigns Baa1 rating to Goodman's Euro notes

Moody's assigns definitive rating to Green Ritz Series 34 backed by residential mortgages (Japanese)

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