BUENOS AIRES, Argentina--(BUSINESS WIRE)--Fitch Ratings has affirmed and withdrawn Telecom Argentina S.A. (TEO)'s local currency Issuer Default Rating (IDR) at 'B+' and its foreign currency IDR at 'B-'. These international ratings have been withdrawn as they are no longer considered by Fitch to be analytically meaningful, as the company does not have debt issuances in the international debt capital markets.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
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=682323
Parent and Subsidiary Rating Linkage
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685552
Corporate Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460
National Ratings Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=595885
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=789939
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