Equinix Inc. 'BB' Rating Placed On CreditWatch Positive - S&P Global Ratings’ Credit Research

Equinix Inc. 'BB' Rating Placed On CreditWatch Positive

Equinix Inc. 'BB' Rating Placed On CreditWatch Positive - S&P Global Ratings’ Credit Research
Equinix Inc. 'BB' Rating Placed On CreditWatch Positive
Published Jul 25, 2016
3 pages (1249 words) — Published Jul 25, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have reviewed the real estate characteristics of rated data center companies and as a result are considering the potential for higher ratings on some data centers. We are placing our ratings on Equinix Inc. on CreditWatch with positive implications. We intend to resolve the CreditWatch placements in the coming weeks. NEW YORK (S&P Global Ratings) July 25, 2016--S&P Global Ratings today said it placed its 'BB' corporate credit rating on Redwood City, Calif.-based Equinix Inc. on CreditWatch with positive implications. "The CreditWatch placement follows our review of the real estate characteristics of some data centers (see "Credit FAQ: Analyzing the Real Estate Characteristics of Data Centers," published July 25, 2016)," said S&P Global Ratings credit analyst Chris Mooney. While

  
Brief Excerpt:

...+ We have reviewed the real estate characteristics of rated data center companies and as a result are considering the potential for higher ratings on some data centers. + We are placing our ratings on Equinix Inc. on CreditWatch with positive implications. + We intend to resolve the CreditWatch placements in the coming weeks. NEW YORK (S&P Global Ratings) July 25, 2016--S&P Global Ratings today said it placed its '##' corporate credit rating on Redwood City, Calif.-based Equinix Inc. on CreditWatch with positive implications. "The CreditWatch placement follows our review of the real estate characteristics of some data centers (see "Credit FAQ: Analyzing the Real Estate Characteristics of Data Centers," published July 25, 2016)," said S&P Global Ratings credit analyst Chris Mooney. While these companies are not pure landlords, they do exhibit real estate characteristics that can support somewhat more leverage than most other telecom companies, particularly considering our favorable view...

  
Report Type:

Ratings Action

Ticker
173150Q
Issuer
Equinix Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Equinix Inc. 'BB' Rating Placed On CreditWatch Positive" Jul 25, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Equinix-Inc-BB-Rating-Placed-On-CreditWatch-Positive-1681288>
  
APA:
S&P Global Ratings’ Credit Research. (). Equinix Inc. 'BB' Rating Placed On CreditWatch Positive Jul 25, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Equinix-Inc-BB-Rating-Placed-On-CreditWatch-Positive-1681288>
  
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