Equinix Inc. has a leading market share in the data center industry, growing asset ownership base, a high-margin and sticky interconnection platform, and unmatched global scale. These factors have led S&P Global Ratings to positively reassess its view of the company's business risk profile. We also loosened our upgrade and downgrade thresholds for Equinix based on our view that the company can tolerate higher leverage at a given rating level. Therefore, we raised all ratings on Equinix by one notch, including the issuer-credit rating to 'BBB' from 'BBB-'. The stable outlook reflects our belief that Equinix is committed to maintaining the financial discipline associated with an investment-grade rating by funding expansion with a balanced mix of debt and equity, such
