Moody's eyes Digi for downgrade

Moody's Investors Service said it placed the Ba3 corporate family rating and the Ba3-PD probability of default rating of Digi Communications NV on review for downgrade.

Concurrently, Moody's also placed on review for downgrade the Ba3 rating on the €850 million of guaranteed fixed-rate senior secured notes, split into two tranches, €450 million due 2025 and €400 million due 2028, issued by subsidiary RCS&RDS SA.

"We have placed Digi's ratings on review for downgrade following the publication of the preliminary 2021 report, which includes a qualified audit opinion," said Agustin Alberti, a Moody's vice president, senior analyst and lead analyst for Digi, in a press release.

Digi’s outlook was stable before the review.

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