Fitch Ratings has affirmed the B rating for the Digicel Group and its subsidiaries, with a stable outlook.
Fitch says Digicel's ratings reflect the company's well-diversified geographical operation, with leading market positions, strong network quality, and brand recognition. It says this will continue to enable stable performance and cash flow generation.
However, the ratings agency says its latest Digice ratings are tempered by the company's aggressive shareholder distributions, high leverage, and the business concentration in countries with low ratings.
Digicel generated stable operating results in the first nine months of its current fiscal year and Fitch expects this to continue over the medium term.
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