trending Market Intelligence /marketintelligence/en/news-insights/trending/w4znhjdcv4xvyu_h5xvuzw2 content esgSubNav
In This List

Moody's puts GTT ratings under review for downgrade after Interoute deal

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Moody's puts GTT ratings under review for downgrade after Interoute deal

Moody's placed GTT Communications Inc.'s ratings under review for downgrade following the company's announcement of a deal to buy Interoute Communications Holdings SA, a provider of network and cloud services, for about $2.3 billion in cash.

The ratings placed under review for downgrade include the company's B2 corporate family rating, B2-PD probability of default rating, B1 senior secured rating and Caa1 senior unsecured rating.

GTT, a global cloud networking provider, will raise about $2 billion in new debt and $250 million of equity to fund the purchase.