Rating agency points to progress in cutting debt and $1.7 bln in new loans from the IMF
Category: Caribbean
Posted inDaily Brief
Fitch downgrades Digicel again
Rating agency gives the Caribbean mobile phone company a C after creditors grant a 30-day grace period on a $925 mln bond payment
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Digicel gets temporary reprieve from creditors
Caribbean mobile phone company is granted a 30-day grace period that can be extended to 90 days if it reaches a restructuring agreement
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Chile’s former finance minister to rejoin IMF
Rodrigo Valdés will become director of the fund’s Western Hemisphere department on May 1
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IDB prints more sustainable bonds in pounds
US-based development bank issues $481 mln in seven-year bonds as order peak above $900 mln, head of funding says
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IDB Invest lends to Lar
IDB’s private sector affiliate provides $10 mln for the Paraguayan agricultural supplier to purchase grains and fund exports to Brazil
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Fitch drops Digicel to CC
Caribbean mobile phone company faces “very high credit risk” with a $925 mln bond payment due next month
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IFC advises on social bond deal for immigrants
Deal with Colmobia’s Bancamía aims to build on the multilateral lender’s push to increase ESG financing in Latin America, regional VP says
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IDB to focus on effective use of capital
Ilan Goldfajn, head of the regional development bank, calls it a priority before seeking a capital increase
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IDB Invest issues sustainable bonds
IDB’s private sector affiliate prices $1 bln in 2028 notes at 59 bps over SOFR mid-swaps