Global Switch, the data-centre property company owned by the Reuben brothers, has announced that its credit rating has been upgraded.
The firm’s credit rating has been upgraded by Fitch to BBB+ from BBB with a stable outlook. Its short-term credit rating has also been upgraded to F2 from F3.
The company has also extended its debt maturity profile following £350m and A$100m (£56m) unsecured bond issues in the last 12 months.
Global Switch also revealed plans to expand into Hong Kong and Singapore, as well as its existing presence in Europe.
John Corcoran, executive chairman and chief executive of Global Switch, said: “The credit rating upgrade from Fitch recognises the continued resilience of Global Switch and its growing and predictable earnings profile.”
