...America Movil S.A.B. de C.V.'s ratings reflect the company's scale, competitive position across diversified markets and products, and conservative financial structure. Fitch Ratings believes the company's adjusted net leverage, which is in line with other `A¡' telecom operators, is likely to fall below 2.0x in the medium term. The company boasts relatively stable and robust operational cash flow generation, which also enables ample financial flexibility and solid liquidity. The ratings are tempered by intense competition in some markets, increased leverage compared to historical levels, and mature market conditions....
