CyrusOne LP -- Moody's upgrades CyrusOne LP's senior unsecured debt rating to B1 from B2, outlook revised to positive from stable

New York, October 31, 2014 -- Moody's Investors Service upgraded CyrusOne LP's (CONE) senior unsecured debt rating to B1 from B2 due to material improvement in the REIT's unencumbered asset base. Concurrently, Moody's withdrew the REIT's probability of default and loss given default assessments. Moody's also affirmed CONE's corporate family rating at B1 and revised the REIT's rating outlook to positive from stable. This revision reflects CONE's steady growth in scale and client base, modest leverage profile and strong fixed charge coverage and Moody's expectations of continued progress in these credit factors.

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