Fitch affirms America Movil

Fitch Ratings said it has affirmed the following ratings for America Movil, SAB de CV: local currency issuer default rating at A-; foreign currency issuer default rating at A-; senior unsecured debt of about $4.2 billion in senior notes at A-; and about $1 billion UF-denominated Chilean notes program, including about $157 million outstanding, at AA+(cl).

In addition, Fitch said it has assigned the following rating: Mexican national-scale rating assigned AAA(mex).

The outlook is stable.

America Movil's ratings are supported by the company's diversified wireless operations across Latin America where it has leading market positions, its strong free cash flow, as well as its sound financial and liquidity profile, the agency added.

© 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.