S&P Global Ratings Upgrades Equinix to Investment Grade ('BBB-') On Improving Credit Quality
REDWOOD CITY, Calif., Feb. 27, 2019 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that S&P Global Ratings ("S&P") has upgraded all of Equinix's ratings with S&P by one notch to the investment grade rating of "BBB-", including its issuer credit rating, its global multi-currency credit facility and term loan ratings, and all of the company's senior unsecured notes.
"We are very pleased to have received an investment grade credit rating from S&P, which reflects increased confidence in improving leverage levels and our demonstrated commitment to fund expansion in a disciplined and balanced manner," said Keith Taylor, Chief Financial Officer, Equinix.
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 52 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
Forward Looking Statements
This press release contains forward-looking statements that are based on Equinix's current expectations, including statements regarding improving leverage levels. Such forward-looking statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Equinix and its results is included in Equinix's filings with the SEC. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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SOURCE Equinix, Inc.
Released February 27, 2019