PLDT’s planned data center REIT to boost company’s credit profile
MANILA, Philippines – CreditSights expects PLDT Inc.’s planned data center real estate investment trust (REIT) to improve its credit standing through debt reduction, despite potential offsets from dividend payouts.
In a report released after PLDT’s filing of the proposed Vitro REIT, the Fitch Solutions unit described the deal as “net credit positive,” citing the likely use of proceeds to repay debt.
READ: PLDT applies for P24.2-B data center REIT IPO
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