- Language: English
- Published: October 2012
Philippine Long Distance Telephone Co. Jun 11
- Published: June 2011
- Standard & Poors
Country, macroeconomic, and transfer and convertibility risk of the Philippines High price competition with slowing domestic cellular subscriber growth Leading market position Solid cash flow measures The rating on Philippine Long Distance Telephone Co. (PLDT) reflects the country, macroeconomic, and transfer and convertibility (T&C) risk of the Philippines (foreign currency BB/Stable/B; local currency BB+/Stable/B; ASEAN scale axBBB+/axA-2). The rating also reflects the high price competition in the domestic market with slowing cellular subscriber growth. PLDT's leading position in the domestic market, diversified services, and solid cash flow measures temper these weaknesses. Our 'BB+' T&C assessment for the Philippines constrains the ratings on PLDT. Subscriber growth in the Philippine cellular market has slowed, with cellular penetration, including multiple subscriber identity module...
Companies mentioned in this report are: Philippine Long Distance Telephone Co.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SHOW LESS READ MORE >
Philippine Long Distance Telephone Co.
|Electronic||The report will be emailed to you.|