25.06.2015 20:04:00
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CyrusOne LP -- Moody's affirms CyrusOne LP's B1 rating, revises outlook to stable from positive
New York, June 25, 2015 -- Moody's Investors Service has affirmed CyrusOne LP's senior unsecured debt and corporate family ratings at B1 following the REIT's recent capital raising to fund the acquisition of Cervalis, a datacenter company based in New York, and ongoing development. The outlook for the ratings has been revised to stable from positive as leverage metrics are likely to deteriorate in the near term. Simultaneously, Moody's has assigned a B1 with a stable outlook to the proposed $100 million new senior unsecured debt issue.