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Fitch Affirms and Withdraws Telemovil's Ratings

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Telemovil El Salvador, S.A.'s (Telemovil) foreign and local currency Issuer Default Ratings (IDRs) at 'BB'. The Rating Outlook is Stable. Fitch has simultaneously withdrawn the ratings as the bonds were repaid. KEY RATING DRIVERS Telemovil's ratings reflect its leading market positions in the mobile and pay-TV segment in El Salvador, backed by its well-established network coverage and quality, and resultant strong brand recognition. The ratin

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