Latest milestone follows successful loan repricing, debt reduction initiatives and sustained operational performance
Kingston, Jamaica – June 22, 2026 – Digicel Holdings Limited today announced that Moody’s Ratings has upgraded the company’s Corporate Family Rating (CFR) to B1 from B2, while also upgrading the ratings of Digicel International Finance Limited’s senior secured debt facilities to B1 from B2.
Moody’s also revised the company’s outlook to stable from positive as part of the rating action.
The positive development reflects Digicel’s continued financial strengthening, including disciplined liquidity management, improving credit metrics, and a sustained focus on deleveraging. Moody’s also cited the company’s geographic diversification and leading market positions across the Caribbean and Latin America as key factors supporting the rating action.
The announcement marks the latest milestone in Digicel’s ongoing financial transformation.
Over the past several years, the company has executed a strategy focused on strengthening its balance sheet, improving operational efficiency, and enhancing financial flexibility. Most recently, Digicel successfully completed the repricing of its Term Loan B facility, which is reducing borrowing costs following a voluntary US$100 million debt repayment.
Moody’s highlighted Digicel’s positive free cash flow generation, improving leverage profile, and strong liquidity position that is supported by cash on hand, expected cash flow generation, and access to committed credit facilities. The agency also noted its expectation that Digicel will continue to maintain a conservative approach to liquidity management and credit metrics consistent with the B1 rating category.
“This upgrade reflects the significant progress we have made in strengthening Digicel’s financial position and executing our long-term strategy,” Leopoldo Gutierrez, Group Chief Financial Officer of Digicel, said. “Combined with our recent loan repricing and continued debt reduction initiatives, it demonstrates the momentum we have built and the confidence in our business and operating performance. We remain focused on maintaining financial discipline while continuing to invest in the networks, products, and services that support our customers and communities.”