S&P upgrades InterXion to BB

S&P said it upgraded InterXion Holding NV to BB from BB-.

The agency cited the company’s sale of €290 million of shares to pay for its planned land bank development and expanding data centers.

“We expect the issuance will ease pressure on Interxion's leverage and liquidity in 2019, and that its planned expansion will significantly increase its property ownership ratio,” S&P said in a news release.

The outlook is stable.

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