Fitch rates Digital Stout notes BBB

Fitch Ratings said it assigned a BBB rating to the senior unsecured notes due 2030 issued by Digital Stout Holding, LLC, a financial corporation of Digital Realty Trust, Inc.

The proceeds will be used to repay outstanding debt, Fitch said.

The outlook is stable.

The company's credit strengths include a global platform, granular tenant base, good access to multiple forms of capital, strong liquidity, conservative capital raising strategy and a deep management bench, Fitch said.

These credit positives are balanced by the niche asset class, resulting in a less liquid investment market and more limited leveragability relative to other commercial property asset classes, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.