Fitch

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A Digicel outlet in Jamaica, where the company has completed a sale and leaseback deal on 451 tower sites.

Denis O’Brien’s Digicel Group has raised in the region of $90 million (€77.6 million) by entering into a sale and leaseback agreement for 451 of its w(...)

Digicel has been struggling with falling earnings in recent years as currency weakness, economic reverses and declining voice and data revenues hit its main markets.Photograph: Getty Images

Digicel creditors have rejected an offer from the Denis O’Brien-controlled telecoms operator to switch them to longer term bonds in a bid to ease its (...)

 The Huntstown gas power station, a unit of Viridian Group, in Huntstown near Dublin.  Photograph: Aidan Crawley/Bloomberg via Getty Images

The value of bonds in Viridian edged higher on Friday as it emerged that the Northern Ireland power company’s US owner, I-Squared Capital, is consider(...)

Digicel plans to raise up to $500 million from asset sales by next April.

Denis O’Brien’s Digicel Group moved on Friday to ease the burden of its debt pile, asking holders of $3 billion (€2.5 billion) of bonds to switch into(...)

Digicel office in Port-au-Prince, Haiti. The company expects to generate $90 million from a previously-announced disposal of 450 towards across the Caribbean by the end of September. File photograph: Thony Belizaire/AFP/Getty Images

Digicel’s chief executive, Alexander Matuschka Greiffenclau, has signalled the company is considering taking advantage of the low market value of some(...)

Global investors have become more cautious about emerging markets. Photograph:   Ken Cedeno, Corbis via Getty

It’s hardly the best time for Denis O’Brien to be looking for a finance chief for his Digicel Group. The highly indebted group saw Fitch, one of the(...)

Fitch has lowered its rating on Digicel. Photograph: Ken Cedeno/Digital/Corbis via Getty Images

Debt ratings firm Fitch lowered Digicel’s creditworthiness deeper into “junk status” over the weekend amid mounting concerns over how businessman Deni(...)

An adverse Brexit scenario that slowed growth sharply could push up Britain’s budget deficit towards 2.5 per cent of GDP

Ratings agency Fitch said on Thursday it saw a growing risk of a bitter and economically damaging Brexit that could lead to a further downgrade of Bri(...)

Aryzta chairman  Gary McGann and chief executive  Kevin Toland. Analysts agree that the management team has inherited most of the problems with which they are now wrestling. Photograph: Alan Betson

There’ll likely be no cake to celebrate the 10th birthday this month of Irish-Swiss baker Aryzta. It is probably looking to raise some dough. In the w(...)

Avolon’s headquarters in Dublin. Orix Corporation agreed to buy 30 per cent of Avolon from Bohai Capital.

Aircraft lessor Avolon’s deal with Japanese giant Orix is likely to cut the Irish aviation financier’s borrowing charges. Orix Corporation agreed to (...)

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