Fitch Affirms Global Switch at 'BBB’, Outlook Stable

noviembre 24, 2011

Fitch Ratings-London-23 November 2011: Fitch Ratings has affirmed Global Switch Holdings Ltd's (Global Switch) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB' with a Stable Outlook. "Further to its EUR600m 2018 bond issue in April 2011, Global Switch retains strong credit metrics, with leverage on a loan-to-value basis at around 20%," says Jean-Pierre Husband, a Director in Fitch's EMEA Industrials and Property team. "Global Switch's financial structure could absorb a possible further downturn in global economic activity."

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