We are assigning a 'B' corporate credit rating to U.S.-based regional provider of fiber-based telecom infrastructure and neutral collocation Zayo. We are also assigning a 'B-' issue-level rating and '5' recovery rating to the company's proposed $225 million of senior secured first-priority notes due 2017. The stable outlook incorporates the likelihood that the company could modestly increase its leverage by making acquisitions. NEW YORK (Standard&Poor's) Feb. 26, 2010--Standard&Poor's Ratings Services said today it assigned a first-time corporate credit rating of 'B' to Louisville, Colo.-based Zayo Group LLC. At the same time, we assigned a 'B-' issue-level rating and '5' recovery rating to the company's proposed $225 million of senior secured first-priority notes due 2017. The '5'
