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AT&T Inc. -- Moody's says AT&T's sale of its stake in Hulu is credit positive

Moody's Investors Service (Moody's) said that AT&T Inc.'s (AT&T, Baa2 stable) announcement that it is selling its 9.5% ownership stake in Hulu for $1.43 billion is credit positive for AT&T, although it will not impact its Baa2 credit ratings. While the Hulu platform is consistent with where traditional television services need to be heading, AT&T's 10% stake is not meaningful enough as compared to its wholly-owned hybrid linear-subscription video on demand (SVOD) services (i.e.