Kathleen A. Martin
BusinessWorld
PHILIPPINE LONG Distance Telephone Co. (PLDT) has bagged another credit score upgrade, this time from Fitch Ratings which noted the improved climate in the country and possible gains from the telco’s acquisition of rival Digital Telecommunications Philippines, Inc. (Digitel).
The telecommunications giant’s long-term foreign currency issuer default ratings was raised to BBB- from BB+ with a stable outlook, Fitch said in a statement late on Friday.
Its credit score for debts in local currency was meanwhile raised to BBB+ from BBB, with the outlook for this rating on “positive watch.”
Read here
BusinessWorld
PHILIPPINE LONG Distance Telephone Co. (PLDT) has bagged another credit score upgrade, this time from Fitch Ratings which noted the improved climate in the country and possible gains from the telco’s acquisition of rival Digital Telecommunications Philippines, Inc. (Digitel).
The telecommunications giant’s long-term foreign currency issuer default ratings was raised to BBB- from BB+ with a stable outlook, Fitch said in a statement late on Friday.
Its credit score for debts in local currency was meanwhile raised to BBB+ from BBB, with the outlook for this rating on “positive watch.”
Read here
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