Thursday October 22, 2020

US interest rate hikes will pressure Digicel - Fitch

Ratings agency warns Denis O’Brien’s Caribbean telecoms giant needs to improve its earnings; company has $5.2 billion worth of bonds due to mature between 2021 and 2023

17th December, 2017

US interest rate hikes will put pressure on the $6.6 billion debt mountain at Denis O’Brien’s Digicel, making it “critical” that the company grow its earnings, the ratings agency Fitch has warned.

In a client note seen by The Sunday Business Post, Fitch said the Caribbean telecoms giant was facing several risks to its capacity to tap the market and refinance borrowings in 2021.

“[Digicel’s] medium term refinancing risk for its...

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