Mexico-based data center operator, Sixsigma Networks Mexico (KIO Networks), has completed the sale of its metropolitan fiber optic business. The transaction has improved KIO Networks' leverage, because the company the majority of the proceeds for debt reduction. We're raising our ratings on the company, including our corporate credit rating to 'BB-' from 'B+', and removing them from CreditWatch positive. The rating outlook is stable, reflecting our view that KIO will continue to benefit from increased demand for data center capacity in the markets in which it operates, mainly in Mexico, resulting in steady capacity utilization rates and strong growth in revenue and EBITDA, as the PITA project continues to evolve. On Jan. 8, 2018, S&P Global Ratings raised its corporate
