DBRS Releases Report on AT&T Corporation

Dominion Bond Rating Service (“DBRS”) has today issued a credit rating report on AT&T Corporation (“Original AT&T”). The report discusses the rating analysis behind DBRS’s recent upgrade of Original AT&T ratings to BBB (high)p for most debt issues from BB (high)p and to Ap for its Guaranteed Euro Notes (guaranteed by AT&T Inc.) 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.