S&P changes 21Vianet view to negative

S&P said it changed the outlook for 21Vianet Group Inc. to negative from stable.

“We revised the outlook to negative because we expect 21Vianet's leverage will stay high and the company will need substantial refinancing over the next six to nine months. This is because 21Vianet is investing aggressively in new capacity, and is dependent on an increasingly uncertain capital market for funding its capital expenditure and refinancing its $300 million notes due October 2021,” said S&P in a press release.

The agency also affirmed the B+ rating on the company and its $300 million of senior unsecured notes maturing in 2021.

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