On the heels of international ratings agency Fitch warning that telecoms giant Digicel faces imminent refinancing risks and will likely have to restructure its 2021 bonds, news has emerged that the company suffered a dip in earnings for the July to September quarter.

According to the Irish Times Newspaper, a slump in the value of the currencies in some of its main markets against the US dollar offset the underlying improvement in revenue.

Despite news of a dip in earnings, Digicel Bonds edged slightly higher yesterday as investors took comfort from an improving business trend with data revenues continuing to grow stronger having overtaken flagging mobile voice revenues late last year.