Moody's watching PCCW-HKT Telephone

Moody's Investors Service said it will continue to monitor the potential impact on the Baa2 senior unsecured ratings of PCCW-HKT Telephone Ltd. because of a possible privatization of its parent, PCCW Ltd.

The outlook remains developing.

PCCW's recently announced there may be a possible privatization proposal made by Starvest Ltd. and China Netcom Corp. Ltd., Moody's said. In the meantime, PCCW shares continue to be suspended from trading, the agency added.

Moody's said it will continue to evaluate the potential rating impact on the company as information becomes available.

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