Zayo Group has proposed funding for its purchase of AboveNet Inc. We are assigning issue-level and recovery ratings to Zayo's proposed secured debt and unsecured notes. We are removing our 'B' corporate credit rating on Zayo from CreditWatch and affirming the rating. The stable outlook reflects the company's strong growth prospects balanced by what we consider a highly leveraged financial risk profile and very aggressive financial policies. NEW YORK (Standard&Poor's) June 7, 2012--Standard&Poor's Ratings Services said today that it affirmed its 'B' corporate credit rating on Louisville, Colo.-based Zayo Group LLC and removed all ratings from CreditWatch, where we placed them with negative implications on March 19, 2012. The outlook is stable. At the same time,
