CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A(EXP)' rating to America Movil, S.A.B. de C.V.'s (AMX) proposed EUR3 billion senior unsecured exchangeable notes due 2020. The notes will be exchangeable for common shares of Koninklijke KPN N.V. in which AMX holds 21% stakes. Proceeds from the issuance are expected to be used for general corporate uses including debt repayment. KEY RATING DRIVERS AMX's ratings reflect its position as the largest wireless service provider in Latin Americ
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