Moody's: Philippine Long Distance to positive

Moody's Investors Service said it changed the outlook for Philippine Long Distance Telephone Co.'s Baa3 local currency issuer rating and foreign currency bond ratings to positive from stable.

The change follows Moody's decision to change the outlook for the Ba2 long-term foreign-currency rating and Baa3 foreign-currency country ceiling of the Republic of Philippines to positive from stable, the agency said.

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