MUMBAI (Thomson Financial) - Moody's Investors Service said it affirmed
Telmex' 'A2' global local currency issuer rating, 'A3' foreign currency senior
unsecured rating and the 'Aaa.mx' Mexican national scale ratings.
The outlook remains stable as Moody's expects the company's strong market
and financial position in Mexico to offset the reduction in business
diversification and increase in financial leverage derived from the spin off
announced yesterday.
Telmex plans to dpliy current business into two separate companies and spin
off all its Latin American businesses, and its Mexican yellow pages business to
a new holding company to be called Telmex Internacional.
TFN.newsdesk@thomson.com
ami/ssa
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