Moody’s affirms PLDT’s Baa2 rating, stable outlook

Moody’s Investors Service has affirmed the Baa2 issuer rating and senior unsecured rating of Philippine Long Distance Telephone Co. (PLDT) and maintained the telco’s stable rating outlook.

“Despite increasing capex and ongoing competitive pressures, PLDT’s margins and credit metrics continue to solidly position the company in the Baa2 rating category,” said Gloria Tsuen, a vice president and senior analyst at Moody’s.