S&P: Digital Realty view negative

Standard & Poor's said it revised its outlook on Digital Realty Trust Inc. to negative from stable.

At the same time, the agency affirmed its BBB corporate credit rating on the company, its BBB rating on the senior unsecured debt and its BB+ rating on the preferred stock.

S&P said the ratings on Digital reflect a business risk profile that it currently considers "satisfactory." The company has grown rapidly since its inception, becoming a leading data center landlord.

However, the company has faced recent challenges, including delayed lease commencements, an accounting correction for straight-line rent adjustments, a reduced acquisition outlook for 2013 and a near-term earnings drag until proceeds from a recent joint venture are reinvested, the agency said.

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