S&P ups Cologix

S&P said it upgraded all its Cologix Holdings Inc. ratings, including its term loan to B from B-, a notch.

“We believe Cologix's ecosystem of carrier hotels and connection hubs offers a differentiated product in tier II and III cities, and will continue to drive strong growth in colocation and interconnection revenue. Carrier hotels and cloud on-ramps enable Cologix to drive roughly 23% of its revenue from interconnection, creating a hard-to-replicate network effect differentiating the company's product offering from other commodity-like colocation data center operators,” the agency said in a press release.

The outlook is stable.

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