Research Update: KIO Networks And Its Proposed $600 Million Senior Unsecured Notes Rated Preliminary 'BB-', Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: KIO Networks And Its Proposed $600 Million Senior Unsecured Notes Rated Preliminary 'BB-', Outlook Stable

Research Update: KIO Networks And Its Proposed $600 Million Senior Unsecured Notes Rated Preliminary 'BB-', Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: KIO Networks And Its Proposed $600 Million Senior Unsecured Notes Rated Preliminary 'BB-', Outlook Stable
Published Oct 23, 2014
Published Oct 23, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Mexican data center, KIO Networks, plans to issue up to $600 million senior unsecured notes. We are assigning our preliminary 'BB-' corporate credit rating We are also assigning our preliminary 'BB-' issue-level rating and a '4' recovery rating to the company's proposed notes due 2021. The stable outlook reflects our belief that the company will benefit from a favorable growth prospects for data center outsourcing in the region. On Oct. 23, 2014, Standard&Poor's Ratings Services assigned its preliminary 'BB-' corporate credit rating to Sixsigma Networks México, S.A. de C.V. (KIO Networks). The outlook is stable. The preliminary rating is subject to the successful medium- or long-term financing and completion of the acquisition of redIT (not rated). We also

  
Report Type:

Research Update

Issuer
Sector
Global Issuers
Country
Region
Latin America
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: KIO Networks And Its Proposed $600 Million Senior Unsecured Notes Rated Preliminary 'BB-', Outlook Stable" Oct 23, 2014. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-KIO-Networks-And-Its-Proposed-600-Million-Senior-Unsecured-Notes-Rated-Preliminary-BB-Outlook-Stable-1365708>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: KIO Networks And Its Proposed $600 Million Senior Unsecured Notes Rated Preliminary 'BB-', Outlook Stable Oct 23, 2014. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-KIO-Networks-And-Its-Proposed-600-Million-Senior-Unsecured-Notes-Rated-Preliminary-BB-Outlook-Stable-1365708>
  
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