Moody's rates Digital Realty Baa2

Moody's Investors Service said it assigned a Baa2 issuer rating to Digital Realty Trust, Inc.

The outlook is stable.

According to Moody's, the Baa2 issuer rating reflects Digital Realty's well-leased portfolio with consistently high occupancy in the mid-90% range, laddered lease rollover and solid same-store net operating growth.

Digital's balance sheet is solid with conservative net debt-to-EBITDA ratio at 3.7x for the first half of 2009, the agency said.

The REIT benefits from good liquidity supported by cash on hand and a $750 million committed unsecured credit facility, where Digital has historically maintained 70% availability on average, the agency added.

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