DBRS Releases Report on AT&T Inc.

Dominion Bond Rating Service (“DBRS”) has today issued a credit rating report on AT&T Inc. (“AT&T Inc.”, formerly SBC Communications Inc.). The report discusses the rating analysis behind DBRS’s recent confirmation of AT&T Inc.’s ratings at Ap and R-1 (low)p on November 21, 2005.

Today’s report and the November 21, 2005, press release are both available at www.dbrs.com.

Note:
p – This rating is based on public information.