Fitch Affirms and Withdraws Telecom Argentina's International Ratings
BUENOS AIRES, Argentina -- April 29, 2013
Fitch Ratings has affirmed and withdrawn Telecom Argentina S.A. (TEO)'s local
currency Issuer Default Rating (IDR) at 'B+' and its foreign currency IDR at
'B-'. These international ratings have been withdrawn as they are no longer
considered by Fitch to be analytically meaningful, as the company does not
have debt issuances in the international debt capital markets.
Fitch's current National Scale Ratings for Telecom Argentina are as follows:
--National long-term rating 'AA+(arg)';
--National equity rating '1'.
Additional information is available 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Rating Telecom Companies - Sector Credit Factors', Aug. 9, 2012;
--'Parent and Subsidiary Rating Linkage (Fitch's Approach to Rating Entities
Within a Corporate Group Structure)', Aug. 12, 2011;
--'Corporate Rating Methodology', Aug. 12, 2012;
--'National Ratings Criteria', Jan. 19, 2011.
Applicable Criteria and Related Research
Rating Telecom Companies
Parent and Subsidiary Rating Linkage
Corporate Rating Methodology
National Ratings Criteria
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Fernando Torres, +54-11-5235-8124
Fitch Ratings Argentina S.A.
Sarmiento 663 7 floor
Buenos Aires, Argentina
Sergio Rodriguez, CFA, +52-81-8399-9100
Cecilia Minguillon, +54-11-5235-8123
Elizabeth Fogerty, +1-212-908-0526
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