Data center REIT seen as boon to PLDT balance sheet

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