S&P lifts InterXion to investment grade

S&P said it reviewed the recovery and issue-level ratings for InterXion Holding NV that were considered under criteria observation (UCO) after the agency published its revised recovery ratings criteria Dec. 7.

With the criteria review complete, the agency said it raised the issue rating on InterXion's super senior revolving credit facility to BBB- from BB+.

The agency also said it revised the recovery rating on the revolver upward to 1+ from 1.

S&P also said it affirmed the rating on InterXion's senior secured notes at BB-. The recovery rating on the notes is unchanged at 3.

These actions stem solely from the application of the revised recovery criteria and do not reflect any change in the assessment of the company’s corporate credit rating, S&P noted.

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