30.05.2014 03:29:00
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America Movil S.A.B. de C.V. -- Moody's assigns A2 rating to America Movil's up to MXN 25 billion notes
Mexico, May 29, 2014 -- Moody's de México assigned A2 global and Aaa.mx national scale ratings to América Móvil's proposed issuance of up to MXN 25 billion in combined debt securities ("títulos de crédito extranjeros"). The new issuances will be for MXN 10 billion and MXN 15 billion under the program launched on November 22, 2012 and are senior unsecured debt obligations of América Móvil maturing in 2019 and 2024, respectively. Proceeds from the notes will be used for corporate purposes, including debt refinancing. The outlook on the ratings is stable.