trending Market Intelligence /marketintelligence/en/news-insights/trending/7zfo3mK_Q9tFcARo3rn3Sw2 content esgSubNav
In This List

Moody's upgrades Equinix ratings

Blog

ESG & Technology: Impacts and Implications

CASE STUDY

A Telecom Company Relies on Deep Data to Chart its Future Strategy

Podcast

Next in Tech | Episode 35: Multifactor authentication needs and hesitations

Podcast

Episode 36: Guy Kawasaki on Innovation


Moody's upgrades Equinix ratings

Moody's upgraded Equinix Inc.'s corporate family rating to Ba2 from Ba3 and its senior unsecured ratings to Ba2 from B1.

The rating agency also upgraded the data center real estate investment trust's speculative grade liquidity rating to SGL-2 from SGL-3, which it said suggests good liquidity.

The outlook is stable.

Moody's attributed the upgrade to its expectations that Equinix's steady revenue growth and key debt credit metrics will improve within the next 12 to 18 months. The upgrade is also supported by the quality and scale of the REIT's global data center portfolio, the rating agency added.

The stable outlook is driven by the potential for Equinix's leverage to steadily approach 4.5x by the end of 2020, and for the company to fund growth with a prudent mix of debt and equity capital, according to Moody's.