Digicel finally wraps exchange but Fitch warns on governance

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Digicel finally wraps exchange but Fitch warns on governance

Denis O'Brien, Digicel, LatAm, Caribbean, Jamaica, telecoms
Digicel Founder Denis O'Brien pictured before Former US president Bill Clinton receives an honorary doctorate from Dublin City University in Dublin. PRESS ASSOCIATION Photo. Picture date: Tuesday October 17, 2017. See PA story IRISH Clinton. Photo credit should read: Niall Carson/PA Wire | Niall Carson/PA Archive/PA Images

Caribbean telecoms group Digicel has finally wrapped up a distressed debt exchange to avoid a potential default next year, after extended negotiations with bondholders. But Fitch warned on Monday that the move has 'undermined' the group’s position with creditors.

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