Equinix Inc. Upgraded To 'BB+' On Favorable Business Conditions; Outlook Stable - S&P Global Ratings’ Credit Research

Equinix Inc. Upgraded To 'BB+' On Favorable Business Conditions; Outlook Stable

Equinix Inc. Upgraded To 'BB+' On Favorable Business Conditions; Outlook Stable - S&P Global Ratings’ Credit Research
Equinix Inc. Upgraded To 'BB+' On Favorable Business Conditions; Outlook Stable
Published Aug 17, 2016
4 pages (1491 words) — Published Aug 17, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S. data center operator Equinix Inc.'s significant scale, geographic diversity, and interconnection capabilities position the company well to take advantage of favorable data center industry trends. We are raising the corporate credit rating on Equinix to 'BB+' from 'BB' and removing all ratings from CreditWatch. The stable outlook reflects our view that adjusted net leverage will remain above 4x over the next year as lower cash balances and possible incremental debt to fund expansion and dividends partly offset earnings growth. NEW YORK (S&P Global Ratings) Aug. 17, 2016--S&P Global Ratings today said it raised its corporate credit rating on Redwood City, Calif.-based Equinix Inc. to 'BB+' from 'BB' and removed all ratings from CreditWatch, where we had placed them with

  
Brief Excerpt:

...+ U.S. data center operator Equinix Inc.'s significant scale, geographic diversity, and interconnection capabilities position the company well to take advantage of favorable data center industry trends. + We are raising the corporate credit rating on Equinix to '##+' from '##' and removing all ratings from CreditWatch. + The stable outlook reflects our view that adjusted net leverage will remain above 4x over the next year as lower cash balances and possible incremental debt to fund expansion and dividends partly offset earnings growth. NEW YORK (S&P Global Ratings) Aug. 17, 2016--S&P Global Ratings today said it raised its corporate credit rating on Redwood City, Calif.-based Equinix Inc. to '##+' from '##' and removed all ratings from CreditWatch, where we had placed them with positive implications on July 25, 2016. The outlook is stable. At the same time, we raised our issue-level ratings on the company's secured debt to '###' from '###-'. The recovery rating remains '1', indicating...

  
Report Type:

Ratings Action

Ticker
173150Q
Issuer
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Equinix Inc. Upgraded To 'BB+' On Favorable Business Conditions; Outlook Stable" Aug 17, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Equinix-Inc-Upgraded-To-BB-On-Favorable-Business-Conditions-Outlook-Stable-1695524>
  
APA:
S&P Global Ratings’ Credit Research. (). Equinix Inc. Upgraded To 'BB+' On Favorable Business Conditions; Outlook Stable Aug 17, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Equinix-Inc-Upgraded-To-BB-On-Favorable-Business-Conditions-Outlook-Stable-1695524>
  
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