Jan. 31 (Bloomberg) -- Energy Development Corp. fell to the lowest in almost four months in Manila trading after its rating was cut to “neutral” from “outperform” by Dante Tinga, analyst at Credit Suisse Group AG.
The stock decreased 2.2 percent to 5.54 pesos as of 9:49 a.m. local time, bound for the lowest close since Oct. 6. The benchmark Philippine Stock Exchange Index gained less than 0.1 percent.
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