MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Telefonos de
Mexico SAB de CV's (Telmex) 'A-' foreign and local currency issuer default
rating.
Fitch said the affirmation reflects Telmex's leading position as fixed line
telecommunications provider in Mexico, strong cash flow generation, sound
financial profile and increased, yet moderate, exposure to Latin American
operations, particularly Brazil.
The ratings agency also said Telmex's ratings are supported by its Mexican
operation which contributed 72 pct of revenues and 83 pct of EBITDA for six
months to end-June.
The outlook on the rating is stable, Fitch said.
TFN.newsdesk@thomson.com
ypv/gp
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