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                    [ArticleID] => 141793
                    [Title] => Financial agencies unfazed by PLDT credit rating downgrade
                    [Summary] => Standard & Poor’s has downgraded its long-term foreign currency credit rating and senior unsecured debt rating on telecommunications leader Philippine Long Distance Telephone Co. (PLDT) by two notches or from ‘BB+’ to ‘BB-’ but some financial agencies remain  unfazed.


The credit rating agency mentioned the Filipino carrier’s deferment of its $250 million planned bond float in September as indicative of the uphill task the company faces in terms of refinancing its debt.


                    [DatePublished] => 2001-11-29 00:00:00
                    [ColumnID] => 133272
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LOW TECK HOON

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                    [ArticleID] => 141793
                    [Title] => Financial agencies unfazed by PLDT credit rating downgrade
                    [Summary] => Standard & Poor’s has downgraded its long-term foreign currency credit rating and senior unsecured debt rating on telecommunications leader Philippine Long Distance Telephone Co. (PLDT) by two notches or from ‘BB+’ to ‘BB-’ but some financial agencies remain  unfazed.


The credit rating agency mentioned the Filipino carrier’s deferment of its $250 million planned bond float in September as indicative of the uphill task the company faces in terms of refinancing its debt.


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Financial agencies unfazed by PLDT credit rating downgrade

November 29, 2001 - 12:00am

Standard & Poor’s has downgraded its long-term foreign currency credit rating and senior unsecured debt rating on telecommunications leader Philippine Long Distance Telephone Co. (PLDT) by two notches or...

Business