...+ Mexican data center, KIO Networks, has successfully issued the $500 million notes due 2021 and has completed redIT's acquisition. + We are assigning our '##-' corporate credit rating on the company and '##-' 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 MEXICO CITY (Standard & Poor's) Nov. 19, 2014--Standard & Poor's Ratings Services assigned its '##-' corporate credit rating to Sixsigma Networks Mexico, S.A. De C.V. (KIO Networks). At the same time, we assigned our '##-' 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 in the event of default. The outlook is stable. "The company issued $500 million in notes due 2021 and $100 million in equity. Although the issued amount was lower than originally expected, the company's...
