Equinix Inc. 'B+' Corporate Credit Rating Affirmed; Unsecured Note Rating Lowered To 'B+'

Standard & Poor's rating after the recent Equinix unsecured note offering - the rating is available at this link (subscription required:

>>Equinix Inc. 'B+' Corporate Credit Rating Affirmed; Unsecured Note Rating Lowered To 'B+'

U.S. data center and interconnection provider Equinix's leverage, pro
forma for the Switch & Data acquisition and the proposed refinancing, has
improved since 2008.
We are lowering the issue rating on the company's proposed unsecured note
issue, which was upsized to $750 million from $500 million, to 'B+' from
'BB-' and revising the recovery rating to '3' from '2'.
We are also affirming the 'B+' corporate credit rating on the company,
since the upsized debt issue does not materially change the company's
overall credit profile.
The positive outlook reflects our expectation of continued strong organic
growth in data center leasing business demand over the next year.