América Móvil Bonds Rated BBB

Mexican América Móvil’s Ps5 billion ($462 million) senior notes due 2016 have been rated BBB by Standard & Poor’s. Although issued in Mexican pesos, the notes will pay principal and interest in US dollars, unless investors elect to be paid in pesos. América Móvil, owned by business magnate Carlos Slim, in one of the most important telecommunication companies in Latin America, based both on the number of wireless subscribers and investments realized, which are made in high growth markets, currently with relatively low wireless penetration.