Fitch rates America Movil notes AAA(mex)

Fitch Ratings said it assigned an international scale rating of A and a national scale rating of AAA(mex) to America Movil, SAB de CV's Ps. 22.5 billion senior notes due 2022 million and the proposed additional issuance of the 2022 notes for up to Ps. 10 billion.

The proceeds will be used for debt repayment and general corporate uses, Fitch said.

The ratings are supported by the company's diversified fixed and wireless operations across Latin America, multiple-service platforms, large scale, strong free cash flow and ample financial flexibility, the agency said.

The ratings also consider an expectation that management will maintain a relatively conservative financial profile over the long term, Fitch said.

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