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America Movil And Subsidiary 'A-' Ratings Affirmed; Outlook Stable May 11
Standard & Poors, May 2011
Abstract
America Movil's growing wireless segment helps maintain a strong business risk profile. We are affirming our 'A-' global scale corporate credit ratings on America Movil and Telmex. The stable outlook reflects that despite intense competition in the telecommunication market, we expect the company's financial performance to remain strong. MEXICO CITY (Standard & Poor's) May 25, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'A-' global scale long-term ratings on Mexican wireless telecommunications company Am-rica M-vil S.A.B. de C.V. (AMX) and Telefonos de Mexico, S.A.B. de C.V. (Telmex). The outlook is stable. 'The ratings reflect AMX's leading position as a telecommunications provider in Latin America, its solid profitability, and our expectation that the company will maintain its robust...
Companies mentioned in this report are: America Movil S.A.B. de C.V.,Telefonos de Mexico, S.A.B. de C.V.,Telmex Internacional, S.A.B. de C.V.
Action: Affirmed
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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