Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.

(IN BRIEF) On July 24, 2024, Digi Communications N.V., a leading European telecommunication services provider, announced that Fitch Ratings has assigned the company a Long-Term Issuer Default Rating (IDR) of ‘BB’ with a stable outlook. This rating reflects the company’s financial stability and growth potential.

(PRESS RELEASE) BUCHAREST, Romania, 24-Jul-2024 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, wishes to inform the investors and the market regarding the publication of a rating issued by the American agency Fitch Ratings. Fitch Ratings has assigned Digi Communications N.V. a Long-Term Issuer Default Rating (IDR) of ‘BB’ with a stable outlook.

Details regarding the assigned ratings and the rationale behind the evaluations are available on the Fitch Ratings website at the following link:

https://www.fitchratings.com/research/corporate-finance/fitch-assigns-digi-first-time-bb-idr-outlook-stable-23-07-2024

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

Contacts:

For Digi Communications NV
Phone no: +4031 400 6505
investor.relations@digi-communications.ro

Website:

Logo:

Digi Communications NV logo

FAQs: Fitch Ratings Assignment to Digi Communications N.V.

Q1: What recent rating has Fitch Ratings assigned to Digi Communications N.V.?

A1: Fitch Ratings has assigned Digi Communications N.V. a Long-Term Issuer Default Rating (IDR) of ‘BB’ with a stable outlook.

Q2: When was this rating announcement made?

A2: The rating announcement was made on July 24, 2024.

Q3: What does a ‘BB’ rating signify?

A3: A ‘BB’ rating indicates that the entity is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial, and economic conditions.

Q4: What is the outlook of this rating?

A4: The outlook of the rating is stable, suggesting that Fitch Ratings does not anticipate a significant change in the company’s creditworthiness in the near future.

Q5: Where can more details about the assigned ratings be found?

A5: More details regarding the assigned ratings and the rationale behind them can be found on the Fitch Ratings website. Click here for more information.

Q6: What is Digi Communications N.V.?

A6: Digi Communications N.V. is a leading European provider of geographically-focused telecommunication solutions, with significant operations in Romania and Spain, and a presence in Italy, Portugal, and Belgium.

Q7: What markets does Digi Communications N.V. operate in?

A7: Digi Communications N.V. operates in Romania, Spain, Italy, Portugal, and Belgium.

Q8: What makes Digi Communications N.V. a leader in the telecommunications sector?

A8: Digi Communications N.V. is considered a leader based on the number of revenue-generating units (RGUs) and its provision of comprehensive telecommunication services in its operating regions.

Q9: How does Fitch Ratings’ evaluation impact Digi Communications N.V.?

A9: Fitch Ratings’ evaluation provides an independent assessment of Digi Communications N.V.’s financial stability and creditworthiness, which can influence investor confidence and the company’s access to capital.

Q10: Why is the ‘BB’ rating with a stable outlook important for investors?

A10: The ‘BB’ rating with a stable outlook indicates a moderate credit risk and suggests that the company is currently stable with no immediate signs of financial distress, which is important information for investors when making investment decisions.

SOURCE: Digi Communications NV