S&P Global Ratings has completed its review of Equinix Inc. following the implementation of updated methodology for digital infrastructure companies. We recognize the benefits of its relatively stable and predictable cash flows as well as its asset ownership. We have loosened our rating triggers following a comprehensive peer review. We have raised all ratings, including our issuer credit rating, to 'BBB+' from 'BBB' and removed ratings from ?under criteria observation?, where they were placed on July 7, 2025. The stable outlook reflects the company?s established track records and our belief that Equinix is committed to maintaining S&P Global Ratings-adjusted net leverage below 6.5x despite significant investments required to fund ongoing expansion. Equinix has a track record of consistent and steady
