Fiber infrastructure and colocation provider Zayo Group LLC announced plans to acquire Electric Lightwave Inc. (formerly Integra) for $1.42 billion, funded mostly with debt. We are placing our ratings on Zayo Group LLC on CreditWatch with positive implications due to a favorable view of Zayo's business prospects despite modestly higher financial leverage. We intend to resolve the CreditWatch placement in the coming months following discussions with management regarding the strategic merits of the acquisition and its financial policies going forward. On Nov. 30, 2016, S&P Global Ratings placed its 'B' corporate credit rating on Boulder, Colo.-based fiber infrastructure and colocation provider Zayo Group LLC on CreditWatch with positive implications. The CreditWatch follows the announcement that Zayo has entered into a
