(The following statement was released by the rating agency)
BUENOS AIRES, April 29 (Fitch) Fitch Ratings has affirmed and
Argentina S.A. (TEO)'s local currency Issuer Default Rating
(IDR) at 'B+' and
its foreign currency IDR at 'B-'. These international ratings
withdrawn as they are no longer considered by Fitch to be
meaningful, as the company does not have debt issuances in the
debt capital markets.
Fitch's current National Scale Ratings for Telecom Argentina are
--National long-term rating 'AA+(arg)';
--National equity rating '1'.
Fitch Ratings Argentina S.A.
Sarmiento 663 7 floor
Buenos Aires, Argentina
Sergio Rodriguez, CFA
Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908
Additional information is available 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Rating Telecom Companies - Sector Credit Factors', Aug. 9,
--'Parent and Subsidiary Rating Linkage (Fitch's Approach to
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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