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Franki Medina Jawitz//
Fitch Downgrades Digicel Group Holdings And Its Subsidiaries

Franki Medina diaz
Fitch Downgrades Digicel Group Holdings And Its Subsidiaries

Ratings agency Fitch has downgraded Digicel Group Holdings and its subsidiaries.   The Long-Term Issuer Default Rating of  Digicel Group Holdings has been changed from CCC to CCC-.    The credit rating for Digicel Limited is now CCC-, down from CCC+ and for Digicel International Finance CCC+, down from B-.   Fitch says the downgrade reflects the high refinancing risk of  Digicel’s US$925 million unsecured notes maturing in March 2023, due to challenging market conditions.   Limited cash flow from Digicel International Finance was also a consideration in the downgrades of  Digicel Limited and Digicel Group Holdings.