Digicel revenue dips to US$1.8 billion, but improvements result in rating upgrade

The revenue of Digicel Holdings slipped, but other metrics improved, contributing to a rating upgrade from Moody's by one notch to B1 from B2.
"The rating action incorporates Digicel's ability to absorb external shocks driven by the company's geographic diversification and leading market positions in the markets in which it operates," Moody's said in its ratings announcement on June 17.