| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for America Movil SAB de CV > News item |
Fitch: America Movil notes A
Fitch Ratings said it assigned international scale ratings of A to America Movil, SAB de CV's €750 million 3.259% senior notes due 2023 and £300 million 4.948% senior notes due 2033.
The proceeds are expected to be used for general corporate uses.
The company has a local-currency issuer default rating of A, foreign-currency issuer default rating of A, senior notes issuances rating of A and Mexican national scale rating of AAA(mex).
The ratings incorporate the company's diversified fixed and wireless operations across Latin America, multiple service platforms, large scale, strong free cash flow, ample financial flexibility, solid liquidity and sound financial profile, Fitch said.
The ratings also consider an expectation that management will maintain a relatively conservative financial profile over the long term, the agency said.
A strong competitive environment underpinned by increasing regulation in Mexico and Colombia and declining prices in voice services temper the ratings, Fitch said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.