S&P rates America Movil notes A-/mxAAA

Standard & Poor's said it assigned its A- global scale and mxAAA national scale issue-level ratings to America Movil SAB de CV's Ps. 15 billion senior unsecured notes due 2022.

America Movil plans to use the proceeds for general corporate purposes.

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

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