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General

Fitch upgrades Equinix ratings to investment grade, outlook stable

Tuesday 2 July 2019 | 09:31 CET | News
Global ratings company Fitch Ratings has upgraded all of Equinix's ratings to investment grade, including the Long-Term Issuer Default Rating (IDR) and senior unsecured rating to "BBB-". The Rating Outlook is "stable." The agency said the rating reflects Equinix's leading market position in data centre colocation and interconnection, geographic diversity, stable customer and revenue characteristics, and positive secular demand drivers. The company also has lower leverage than its peer, with a wide access to different sources of capital plus substantial liquidity.

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Categories: General
Companies: Equinix
Countries: World
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