Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (1620)	7/12/2001 2:06:09 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Moody's: Li has challenge up PCCW creditworthines 2001-07-04 17:43 (Infocast News) Moody's considers the challenge for Richard Li, the Chairman of PCCW (0008), will be to provide appropriate guidance to his management team in maintaining and enhancing group creditworthiness. The rating agency takes into consideration senior management's stated strategy to consolidate the group around the strengths of HKT, with no medium term plans to materially expand the scope or scale of the business. There may be a need, however, to repatriate dividends from HKT should the joint ventures it formed with Telstra or other PCCW business units require additional funding to accelerate their growth, Moody's said. The rating agency considers that PCCW's management will supervise the upstreaming of dividends from HKT so as to ensure maintenance of that company's credit profile. The rating agency said that PCCW has a degree of flexibility to fund its activities, provide capital, and refinance or repay its convertible notes given its cash reserves and asset base. It said HKT will reduce, in the near term, the refinancing risk associated with the US$4.7 billion debt.