Moody’s: Digicel will default if it pushes ahead with plan

Moody’s: Digicel will default if it pushes ahead with plan

Digicel last week said it wanted to exchange some $3 billion (€2.6 billion) of debt that it needs to repay in the next couple of years with new bonds, to give it time to implement a turnaround strategy

Digicel, the Denis O’Brien-owned mobile phone company, will be in default on its debts if it completes a plan to extend the repayment dates on some of its billions of euro of borrowings, according to the top credit ratings agency Moody’s.

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events
  • Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
  • Access to The Business Post's extensive archive​

Related Articles

More from The Business Post