S&P Revises Digital Realty Outlook to Stable From Positive -- Market Talk | REITs Message Board Posts

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Msg  12487 of 12568  at  9/18/2019 8:15:07 PM  by

jerrykrause


S&P Revises Digital Realty Outlook to Stable From Positive -- Market Talk

 
Dow Jones
 
A day after Digital Realty Trust said it selling 10 data centers and putting three others in a joint venture, S&P Global Ratings said the $1.4 billion of proceeds will reduce leverage, but predicted "it will be difficult for Digital to meet triggers for an upgrade" as it pursues growth. S&P revised its outlook for the company to stable from positive while affirming its ratings. Digital Realty said Tuesday that it will sell 10 data centers to Mapletree Investments and Mapletree Industrial Trust. Meanwhile, a Mapletree entity will buy an 80% stake in the joint venture. Digital Realty said the deal helps its goal of self-funding its growth and diversifying sources of equity capital 


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