Hong Kong, August 06, 2015 -- Moody's Investors Service says that Philippine Long Distance Telephone Company's (PLDT, Baa2 stable) increasing capex and continued weak operating performance in 2Q 2015 are credit negative. Moody's is cautious on the company's medium-term outlook, as leverage will remain in the upper end of tolerance for its Baa2 issuer and senior unsecured ratings.
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