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

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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