Saturday April 4, 2020

Digicel could default on $63m bond, says Fitch

Credit ratings agency has identified Denis O’Brien’s Digicel as holding one of several bonds which are at risk of default

Ian Guider

Markets Editor

@ianguider
22nd March, 2020
A spokesperson for Denis O’Brien’s Digicel said: “Digicel has a successful track record of refinancing debt maturities before they fall due and it continues to evaluate options in this regard.”

Denis O’Brien’s Digicel could default on a $63 million bond due to be repaid in September because of the turmoil in global financial markets.

Fitch, the credit ratings agency, said a number of bonds issued by companies in Latin America are at risk of default as a result of the turbulence in markets linked to coronavirus. It said as investors flee to safe-haven assets it is likely to lead to more risks...

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