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Published on 8/31/2018 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

S&P affirms America Movil

S&P said it affirmed its A- global and mxAAA/mxA-1+ national scale issuer credit and issue-level ratings on America Movil, SAB de CV.

The outlook remains stable.

The agency also affirmed the issuer credit and issue-level ratings on subsidiaries Telefonos de Mexico SA de CV (A-/stable/--; mxAAA/stable/mxA-1+) and Telmex Internacional SAB de CV (mxAAA/stable/mxA-1+).

S&P said it also affirmed the issue-level ratings for America Movil, BV.

“Our affirmation reflects healthy cash flow generation that has been backed by sustained growth of postpaid subscribers across AMX's mobile platform and by increasing broadband access, which have allowed the company to fulfill all its debt service obligations as they come due,” the agency said in a news release.


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