Equinix Outlook Upgraded by Fitch on Capital Discipline

By EC Assets · Published

Fitch Ratings has upgraded Equinix's outlook to positive. The ratings agency cited capital discipline and scale as reasons for the improved outlook. Equinix is a data center giant. The outlook improvement brings Equinix closer to a higher investment-grade credit rating. S&P and Fitch previously upgraded Equinix to BBB. This upgrade occurred in May 2021. The upgrades were attributed to the strength of interconnection and improved credit quality. Equinix Inc. is known as the world's digital infrastructure company. The company announced the BBB rating upgrades from S&P and Fitch. Equinix is traded on Nasdaq under the ticker EQIX. Data center REIT Equinix saw its prior buy rating reaffirmed in late July after its second-quarter results impressed. Positives for the company include an investment-grade rating from Fitch. Strong dividend coverage, revenue growth, and FFO growth were also noted. This article is intended for informational purposes only. It does not constitute investment advice.

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