15 November 2014 – The Times
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Global Switch
The owner and operator of large data centres in Europe and Asia Pacific said that its credit rating had been upgraded by Fitch to BBB+ from BBB. Its short-term credit rating has also been upgraded.
Fitch said that the group, which is controlled by the billionaire Reuben brothers, had diversified its borrowings and extended the company’s debt “maturity profile” after the issuance of £350 million and A$100 million (£56 million) unsecured bonds in the past 12 months.