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Published on 9/14/2020 in the Prospect News Bank Loan Daily, Prospect News Green Finance Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch rates Digital Realty notes BBB

Fitch Ratings said it assigned Digital Dutch Finco BV's proposed euro-denominated senior unsecured notes due 2032 and euro-denominated senior unsecured floating-rate notes due 2022 BBB ratings. Digital Dutch Finco is a wholly owned indirect finance subsidiary of Digital Realty Trust, LP. The notes are fully and unconditionally guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, LP.

Fitch said it expects the proceeds will be used to refinance debt. DLR intends to use an amount equal to the bond net proceeds for green projects. Fitch said it believes any remaining proceeds could be used for general corporate purposes.


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