Mexican data center, KIO Networks, has successfully issued the $500 million notes due 2021 and has completed redIT's acquisition. We are assigning our 'BB-' corporate credit rating on the company and 'BB-' issue-level and '4' recovery ratings to its 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 Nov. 19, 2014, Standard&Poor's Ratings Services assigned its 'BB-' corporate credit rating to Sixsigma Networks Mexico, S.A. De C.V. (KIO Networks). At the same time, we assigned our 'BB-' issue-level and '4' recovery ratings to KIO Network's senior unsecured debt. The '4' recovery rating indicates our expectation of an average (30%-50%) recovery
