(The following statement was released by the rating agency)
MONTERREY, April 17 (Fitch) Fitch Ratings has withdrawn its
rating on MIC Africa
BV's proposed USD510 million senior notes due 2020 as the
company is no longer
going to issue the notes. It is likely that the proposed notes
will be funded at
the holding company level, Millicom International Cellular S.A.
(MIC), at some
point in the future. Fitch originally assigned a 'BB+(exp)'
rating to the
proposed issuance and will continue providing analytical
coverage for MIC. Fitch
currently rates MIC with local and foreign currency Issuer
(IDRs) at 'BB+', with a Stable Rating Outlook.
Sergio Rodriguez, CFA
+52 (81) 8399-9100
Fitch Mexico S.A. de C.V.
Prol. Alfonso Reyes 2612
+44 (0) 20 3530 1423
+44 (0) 20 3530 1178
+52 (81) 8399-9100
Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908
Additional information is available 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Rating Telecoms Companies', Aug. 9, 2012;
--'Corporate Rating Methodology', Aug. 8, 2012;
--'Parent and Subsidiary Rating Linkage (Fitch's Approach to
Within a Corporate Group Structure)', Aug. 10, 2012.
Applicable Criteria and Related Research
Parent and Subsidiary Rating Linkage
Corporate Rating Methodology
Rating Telecom Companies
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