Moody’s Places AMX on Review for Downgrade

Moody’s Places AMX on Review for Downgrade

Mexico Corporate & Sovereign Strategy

Moody’s has put America Movil’s (AMX) A2 rating on review for downgrade, it says, following the Mexican telecom’s announcement last week of a EUR7.2bn ($9.2bn) offer for total ownership of Dutch telecom Royal KPN. “The potential benefits of controlling KPN could be outweighed by the heightened operational challenges and financial debt burden resulting from a successful completion of this transaction,” Moody’s says. If funded with debt, the deal clearly puts the buyer’s leverage above the agency’

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial