Ratings agency in Digicel warning shot
Fitch says O’Brien’s firm must cut debt
Digicel, the Caribbean mobile phone company owned by Denis O’Brien, could see its credit rating come under pressure unless it generates cash to pay down debt.
In a report on the company last week the influential credit ratings agency Fitch said Digicel needs to generate as much as $1.1 billion (€1 billion) in earnings annually over the next couple of years to create sufficient cash to pay down its debts.
“Fitch expects the ...
