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Wireless

Standard & Poor's rates America Movil note issue A-

Monday 6 August 2012 | 09:38 CET | News
Standard & Poor's Ratings Services has assigned its 'A-' issue-level ratings to Mexican mobile operator America Movil's new GBP 750 million senior unsecured notes due 2041. The A- ratings on the existing USD 1.25 billion senior unsecured notes due 2022 and USD 750 million notes due 2042 remain unchanged following a USD 350 million and USD 400 million add-ons to the respective notes. America Movil plans to use the proceeds for the repayment of outstanding debt during the balance of 2012.

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Categories: Mobile & Wireless
Companies: America Movil
Countries: Latin America / Mexico
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