...Rating Derivation Versus Peers Peer Comparison America Movil's high level of geographical diversification, scale of operation and strong market position and cash flow generation are in line with other `A' category telecom operators in the U.S., such as AT&T Inc., Verizon Communications Inc., and Comcast Corp., which are all rated `A¡'/Stable. America Movil's financial profile, mainly leverage ratios, is broadly in line with its peers rated `A¡', and is stronger than diversified European telecom operators in `BBB' category such as Deutsche Telekom AG (BBB+/Stable) and Telefonica SA (BBB/Stable). 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 No other factors influenced these ratings....
