Moody's continues PCCW-HKT review

Moody's Investors Service said it is continuing its review for possible downgrade of the Baa2 issuer and senior unsecured bond ratings of PCCW-HKT Telephone Ltd. and its supported entities.

Moody's said the review's continuation follows an announcement by parent company PCCW Ltd. that PCRD, a substantial shareholder, has agreed to sell its 22.66% stake in the company.

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