Moody's places the ratings of America Movil and Telmex on review for downgrade
New York, December 15, 2016-- Moody's Investors Service placed the global scale A2 senior unsecured ratings of America Movil, S.A.B. de C.V. and the A2 backed senior unsecured global scale ratings of its subsidiary, Telefonos de Mexico, S.A.B. de C.V., under review for downgrade. The rating actions were based on America Movil's weak credit metrics for its current rating category and Moody's view of limited prospects of a prompt turnaround given competitive pressures and economic...
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