E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/24/2014 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: InterXion to positive

Standard & Poor's said it revised the outlook on InterXion Holding BV to positive from stable.

The agency also said it affirmed the company's B+ long-term corporate credit rating, along with the BB rating on its super senior revolving credit facility and the B+ rating on its senior secured notes. The recovery ratings on these facilities are unchanged at 1 and 3, respectively.

The outlook revision reflects the potential for an upgrade if InterXion continues to report robust revenue and EBITDA growth, S&P said.

The outlook revision also considers the company's strong growth in recent years and good track record of strengthening its margins thanks to the group's rising scale, high occupancy rates and relatively high recurring revenues, 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.