S&P rates DuPont Fabros notes BB, view positive

Standard Poor's said it revised its outlook on DuPont Fabros Technology Inc. and its subsidiary DuPont Fabros Technology LP to positive from stable and affirmed its BB- corporate credit ratings on both entities.

The agency also assigned its BB issue rating with a 2 recovery rating to the company's proposed $600 million senior unsecured notes due 2021.

"The outlook revision reflects the company's recent leasing progress and strengthened debt coverage measures," S&P credit analyst Eugene Nusinzon said in a news release.

© 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.