AT&T Plans to Raise Its Rates For Residential Calling Plans.

Reports that AT&T Communications plans to raise its rates on local calling plans in 40 states to increase revenues from its residential business. Implications of rate increases for customers; Financial strategy; Background on the company's decision not to seek new residential customers or work to retain them; Comments of Bob Nersesian, an AT&T spokesman; How Standard & Poor cut the company's credit rating because of doubts about AT&T's ability to generate cash from its businesses.