S&P: America Movil notes A-

Standard & Poor's said it assigned its A- issue-level rating to America Movil SAB de CV's $1.25 billion senior unsecured notes due 2022 and $750 million senior unsecured notes due 2042.

The agency said the ratings reflect its view of the company's strong business risk profile, which reflects the company's leading position in the Latin American telecom industry, its solid profitability and S&P's expectation that it will maintain robust cash flow generation despite intense competition in some of its markets.

S&P said it expects the company to maintain its modest financial risk profile despite the cash on hand and additional debt to fund its increasing stake in Koninklijke KPN NV.

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