Moody's may cut PCCW-HKT Telephone

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

Moody's said the rating action follows the announcement by PCCW Ltd - the holding company of PCCW-HKT - that it received a non-binding expression of interest from a third party in relation to a possible acquisition of substantially all PCCW-HKT's telecommunications and media-related assets.

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