Moody’s downgrades Digicel

admin

With tightening liquidity, dwindling cash flow and debt estimated to be several times more than earnings, Digicel Group Limited stands to experience a default in the near term, credit rating firm Moody’s has announced. As a result, Moody’s has downgraded the Group’s “probability of default rating” to Caa3-PD from Caa2-PD and issued a negative outlook. […]

The post Moody’s downgrades Digicel appeared first on Barbados Today.

Next Post

Ocean Hotels Group supporting its employees amid Covid-19 pandemic

One of Barbados’ leading hotel groups, remains committed to supporting their employees amidst its temporary closure as a result of COVID-19 related protocols. The Ocean Hotels Group which represents three boutique south coast luxury hotels; Ocean Two Resort & Residences, Sea Breeze Beach House and South Beach Resort comprises over […]

Moody’s downgrades Digicel

admin

With tightening liquidity, dwindling cash flow and debt estimated to be several times more than earnings, Digicel Group Limited stands to experience a default in the near term, credit rating firm Moody’s has announced. As a result, Moody’s has downgraded the Group’s “probability of default rating” to Caa3-PD from Caa2-PD and issued a negative outlook. […]

The post Moody’s downgrades Digicel appeared first on Barbados Today.

Next Post

Ocean Hotels Group supporting its employees amid Covid-19 pandemic

One of Barbados’ leading hotel groups, remains committed to supporting their employees amidst its temporary closure as a result of COVID-19 related protocols. The Ocean Hotels Group which represents three boutique south coast luxury hotels; Ocean Two Resort & Residences, Sea Breeze Beach House and South Beach Resort comprises over […]