Fitch rates America Movil notes A-

Fitch Ratings said it assigned an international scale rating of A- and a national scale rating of AAA(mex) to America Movil SAB de CV’s up to Ps. 20 billion of senior unsecured notes due 2031.

The agency said it reviewed America Movil’s ratings, including its A- senior unsecured ratings, on Oct. 18 and took no action.

The proceeds will be used for general corporate purposes, including environmental and social projects as well as the refinancing of short-term debt.

The outlook is positive.

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