Moody's: No change for PCCW-HKT Telephone

Moody's Investors Service said it sees no immediate impact on the Baa2 senior unsecured ratings of PCCW-HKT Telephone Ltd. and its supported entities.

The outlook remains developing.

This follows parent company PCCW Ltd.'s news that it has discontinued the auction process for up to a 45% stake in its telecommunication/media business under HKT Group Holdings Ltd.

While the discontinuation of auction process will remove some elements of uncertainty regarding the ultimate ownership structure in PCCW-HKT and HKT Group respectively, Moody's said it believes that should not have any impact on the ratings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.