S&P gives America Movil notes A-

Standard & Poor's said it assigned its A- issue-level rating to America Movil SAB de CV's new senior unsecured notes.

The company issued €1 billion due 2017, €750 million due 2022 and £650 million due 2030, all unconditionally guaranteed by Radiomovil Dipsa SA de CV, the agency said.

According to S&P, the company plans to use proceeds from the sale of the notes to refinance its debt obligations.

The rating on America Movil reflects its view of the company's strong business position as a leading telecommunications service provider in Latin America and its modest financial risk profile, the agency added.

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