S&P lifts Digital Realty view to stable

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

The agency also said it affirmed the BBB corporate credit rating on the company, along with the BBB rating on its senior unsecured debt and BB+ rating on its preferred stock.

Digital has demonstrated improved operating performance in recent quarters, S&P said.

Importantly, while a widening of the gap between lease signings and tenant move-ins had been an issue last year, the gap has narrowed from 18 months in the first quarter of 2013 to five to six months subsequently, which is in line with 2012, the agency said.

Digital will maintain this level going forward, excluding the impact of build-to-suit developments, S&P added.

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