...Rating Derivation versus Peers Peer Comparison AMX's high level of geographical diversification, scale of operation, and strong market position and cash flow generation compare with other `A¡' rated telecom operators in the US, such as AT&T Inc., Verizon Communications Inc, and Comcast Corporation. AMX's financial profile, mainly leverage ratios, is also broadly in line with its `A¡' rated peers, and is stronger compared to diversified European telecom operators in the `BBB' category, such as Deutsche Telekom and Telefonica SA. No Parent/subsidiary linkage is applicable, and there was no Country Ceiling or operating environment influence in effect for the ratings. Parent/Subsidiary Linkage No Parent/Subsidiary Linkage is applicable. Country Ceiling No Country Ceiling constraint was in effect for these ratings. Operating Environment No Operating Environment influence was in effect for these ratings. Other Factors...
