Moody’s assigns first-time (P)Baa3 issuer rating to Global Switch
Moody's Investors Service has today assigned to Global Switch Holdings Limited a provisional (p)Baa3 long-term issuer rating and a provisional (p)Baa3 rating to a proposed EUR500 million senior unsecured bond. The outlook for all assigned ratings is stable. This is the first time Moody's has rated Global Switch, a real estate operating company that owns, acquires, manages and develops data centres with six in Europe, two in Asia Pacific and a ninth under construction in Paris. The company's carrier-neutral data centres offer wholesale, multi-tenanted space on medium to long-term leases.
Please see Moody's Ratings Release