Digicel warns on Haiti earnings as $925m bond deadline looms

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Ratings agency Fitch sees “elevated” risks Digicel may need to restructure bonds via IrishTimesBiz

Haitian police said they managed to seize control of the terminal last week and the government is currently seeking to resume supplying fuel stations through the country.

“Digicel is working hard to ensure that key sites in terms of traffic and population coverage are operating as effectively as possible, though as much as 50 per cent of its national telecommunications network is experiencing disruption at any given time.” Fitch, one of the world’s leading credit ratings agencies, warned in September that even though Digicel used $1.1 billion of the net $1.3 billion of initial proceeds from the sale this year of its Pacific operations to redeem bonds due in 2024, there are “elevated” risks that it will not be able to refinance the 2023 bonds without a debt restructuring.

 

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