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S&P places 3 data center REITs on CreditWatch positive

S&P Global Ratings placed its respective ratings on , CyrusOne Inc. and QTSRealty Trust Inc. on CreditWatch with positive implications.

The ratings affected are the BB corporate credit rating of Equinix, the rating of CyrusOne and the corporate credit rating of QTSRealty.

S&P said it is evaluating possible higher ratings on datacenter companies, following its recently completed reviewof the real-estate attributes of certain data centers.

"While these companies are not pure landlords, they do exhibitreal estate characteristics that can support somewhat more leverage than most othertelecom companies, particularly considering our favorable view of the data centerindustry," the rating agency said in separate notes.

S&P noted that the CreditWatch placement should be resolved"in the coming weeks."

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.