Moody's: HKT's rating unaffected by PCCW's lower shareholding
Hong Kong, February 13, 2017-- Moody's Investors Service says that PCCW Limited's reduction of its stake in HKT Limited-- the indirect parent of Hong Kong Telecommunications Limited-- is credit neutral and will not affect Hong Kong Telecommunications Limited's Baa2 issue rating or the stable outlook on the rating. "The share sale will not affect Hong Kong Telecommunications Limited's credit profile, because we expect PCCW to maintain its majority control over HKT Limited, and the...
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