Fitch removes positive outlook for Digicel

Fitch removes positive outlook for Digicel

Credit Ratings Fitch Ratings Bonds Debt Fixed Income Capital Markets Jamaica

Fitch Ratings said Wednesday that it removed a positive outlook for Digicel's ratings on concerns that the Jamaica-based telecommunications company will not be able to refinance bonds that mature next year. Digicel faces "increased refinancing risk" with $925 million in bonds due in March 2023 as the global economy falters, interest rates rise and investors take on less risk, Fitch said in a report on Wednesday. The company is expected to earn $1.4 billion from the sale of its Pacific Islands s

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial