ABS deals
verified 2026-09-27How these figures are built →
What is securitised behind the leased data centres?
The 144A data-centre securitisations: each deal's sponsor, issuing entities and series, and the rating actions on them.
Data-centre securitisations registered
102
deals named in public disclosures, first disclosed 2019 – 2026
how it is counted
one 144A data-centre securitisation as its due-diligence report names it: the issuing entity, the note description and the series; the sponsor must make that report public even though the notes are never registered. the due-diligence report carries no deal size. A deal's size is known only when a rating agency published it (see fitch) or a fund reports holding the notes. Not covered: registered ABS (they are disclosed another way), deals whose sponsor made no such report public, asset classes other than data centres, and a conduit that merely holds one data-centre loan among other property types (set aside, with the reason kept).
- Sponsors →the operators behind the vehicles, ranked below
how it is counted
the operator the accountants' report is addressed to (Compass Datacenters, Vantage Data Centers Management Company, Stack Infrastructure) — the company behind the vehicle
- 36
- Issuing entities →the 144A vehicles the reports name, co-issuers included
- 54
- Deals with a published sizewhere a published rating states it; the deals' own disclosures state no amount
how it is counted
the published rating action that names the same issuing entity and series — the deal's amounts, classes and ratings are the ones it states; the due-diligence report states none
- 3
- Fitch rating actions →on 7 issuers, securitisations and project debt · verified 2026-09-27
how it is counted
one Fitch rating action on a data-center securitisation or project financing, read by a stated rule, its header sentence quoted
- 9
- Notes Fitch final-rated, 2026 →final ratings and ratings assigned, not expected ones
how it is counted
the sum of the note classes the rating action lists with amounts — the notes rated in this action, not the whole trust
- $1.80B
Deals begun per year
Each deal counted once, in the year it was first disclosed.
3
20194
202012
20215
202215
202318
202430
202515
2026Every deal registered — the vehicle registry
102 rows
Almost every data-centre securitisation is sold under Rule 144A: the vehicle never registers and appears nowhere as an issuer. But an unregistered deal still leaves traces in public disclosures, so the vehicles do surface — 54 issuing entities behind 36 operators. Those disclosures carry no amount; where a rating agency published one, it is shown.
| Cologix, Inc. agreed-upon procedures by Deloitte & Touche LLP | Cologix Canadian Issuer Limited Partnership | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-07-31 | 2026-07-31 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenters Issuer III, LLC · Compass Datacenters Canada Issuer III Limited Partnership Guggenheim Securities, LLC (structuring agent) | 2026-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 26 | $2.58B trust balance · $413M rated · 234.2 MW | 2026-07-16 | 2026-07-16 |
| Cloud Capital HoldCo LP agreed-upon procedures by KPMG LLP | Cloud Capital Guggenheim Securities, LLC (structuring agent) | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-07-02 | 2026-07-02 |
| Aligned Energy Holdings, LP agreed-upon procedures by KPMG LLP | Aligned Data Centers Issuer, LLC Co. LLC (structuring agent) | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 24 | not published | 2026-06-17 | 2026-06-17 |
| Quality Technology Services ABS II Manager, LLC agreed-upon procedures by Deloitte & Touche LLP | QTS Issuer ABS II, LLC · QTS Co-Issuer ABS II, LLC of their | 2026-6, 2026-7, 2026-8 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | $2.71B trust balance · $870M rated · 181.5 MW | 2026-06-15 | 2026-06-15 2 disclosures |
| CloudHQ LLC agreed-upon procedures by KPMG LLP | CloudHQ Guggenheim Securities, LLC (structuring agent) | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-04-07 | 2026-04-07 2 disclosures |
| Quality Technology Services ABS II Manager, LLC agreed-upon procedures by Deloitte & Touche LLP | QTS Issuer ABS II, LLC · QTS Co-Issuer ABS II, LLC of their | 2026-5, 2026-6 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | $2.71B trust balance · $870M rated · 181.5 MW | 2026-03-06 | 2026-03-06 2 disclosures |
| Switch Inc. agreed-upon procedures by Deloitte & Touche LLP | Switch ABS Issuer, LLC & Switch ABS Co-Issuer, LLC | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-02-20 | 2026-02-20 2 disclosures |
| Flexential Parent Corporation agreed-upon procedures by KPMG LLP | Flexential Issuer, LLC · Flexential Co-Issuer, LLC Deutsche Bank Securities Inc. (structuring agent) | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-02-20 | 2026-02-20 2 disclosures |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2026-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-02-05 | 2026-02-05 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenters Issuer III, LLC · Compass Datacenters Canada Issuer III Limited Partnership Guggenheim Securities, LLC (structuring agent) | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 23 | not published | 2026-02-03 | 2026-02-03 |
| Cologix, Inc. agreed-upon procedures by Deloitte & Touche LLP | Cologix Data Centers US Issuer, LLC · Cologix Data Centers US Co-Issuer, LLC | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-01-26 | 2026-01-26 |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2026-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-01-16 | 2026-01-16 |
| Quality Technology Services ABS II Manager, LLC agreed-upon procedures by Deloitte & Touche LLP | — | 2025-2, 2025-3, 2025-4, 2025-5, 2025-6, 2025-7, 2026-1, 2026-2, 2026-3, 2026-4, 2026-5, 2026-6 | Secured Data Center Revenue Term Notes ABS · found by the accountants' report names a data centre | — | not published | 2026-01-07 | 2026-01-07 2 disclosures |
| DataBank, Ltd. agreed-upon procedures by Deloitte & Touche LLP | DataBank Issuer, LLC · DataBank Co-Issuer, LLC | 2026-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2026-01-07 | 2026-01-07 2 disclosures |
| Quality Technology Services ABS II Manager, LLC agreed-upon procedures by Deloitte & Touche LLP | QTS Issuer ABS II, LLC · QTS Co-Issuer ABS II, LLC of their | 2025-2, 2025-3, 2025-4, 2025-5, 2025-6, 2025-7 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-12-03 | 2025-12-03 2 disclosures |
| Phoenix Infrastructure LLC agreed-upon procedures by Deloitte & Touche LLP | Centersquare Issuer LLC · Centersquare Co-Issuer LLC | 2025-5, 2025-6 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-11-10 | 2025-11-10 2 disclosures |
| Vantage Valkyrie BidCo S.a.r.l. agreed-upon procedures by Deloitte LLP | securities inside of the United States and in accordance with United States attestation standards established by the American Institute of Certified Public Accountants and not in accordance with United Kingdom or other professional standards | — | — ABS · found by the data file records a data centre's engineering | — | not published | 2025-05-08 | 2025-10-30 2 disclosures |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Vantage Data Centers Issuer, LLC | 2025-2, 2025-3 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-10-30 | 2025-10-30 2 disclosures |
| Serverfarm, LLC agreed-upon procedures by Deloitte & Touche LLP | SF ABS Issuer, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-10-28 | 2025-10-28 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenters Issuer II, LLC Guggenheim Securities, LLC (structuring agent) | 2025-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 19 | not published | 2025-10-23 | 2025-10-23 |
| Flexential Parent Corporation agreed-upon procedures by KPMG LLP | Flexential Issuer, LLC · Flexential Co-Issuer, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-10-17 | 2025-10-17 2 disclosures |
| TierPoint, LLC agreed-upon procedures by KPMG LLP | TierPoint Issuer, LLC · TierPoint Co-Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2025-3 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-10-14 | 2025-10-14 2 disclosures |
| Switch Inc. agreed-upon procedures by Deloitte & Touche LLP | Switch ABS Issuer, LLC & Switch ABS Co-Issuer, LLC | 2025-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-09-26 | 2025-09-26 2 disclosures |
| QTS Phoenix II DC2 Holding I, LLC agreed-upon procedures by Deloitte & Touche LLP | QTS Issuer ABS II, LLC · QTS Co-Issuer ABS II, LLC of their | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-08-28 | 2025-08-28 2 disclosures |
| DataBank Holdings, Ltd.. agreed-upon procedures by Deloitte & Touche LLP | DataBank Issuer II, LLC · DataBank Co-Issuer II, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-08-27 | 2025-08-27 2 disclosures |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Retained Vantage Data Centers Issuer, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-08-11 | 2025-08-11 2 disclosures |
| Phoenix Infrastructure LLC agreed-upon procedures by Deloitte & Touche LLP | Centersquare Issuer LLC · Centersquare Co-Issuer LLC | 2025-3, 2025-4 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-08-06 | 2025-08-06 2 disclosures |
| Urbacon Properties Ltd. agreed-upon procedures by Deloitte & Touche LLP | Urbacon DC Limited Partnership | 2025-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-07-31 | 2025-07-31 |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Vantage Data Centers Issuer, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-07-28 | 2025-07-28 2 disclosures |
| MECP1 Mesa Intermediate 1, LLC agreed-upon procedures by Deloitte & Touche LLP | EDI ABS Issuer 1, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-07-08 | 2025-07-08 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenters Issuer III, LLC · Compass Datacenters Canada Issuer III Limited Partnership Guggenheim Securities, LLC (structuring agent) | 2025-3 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 17 | not published | 2025-07-02 | 2025-07-02 2 disclosures |
| Struxture Data Centers Inc. agreed-upon procedures by KPMG LLP | eStruxture Issuer Limited Partnership Guggenheim Securities, LLC (structuring agent) | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-06-30 | 2025-06-30 |
| Cologix, Inc. agreed-upon procedures by KPMG LLP | Scalelogix ABS US Issuer, LLC Deutsche Bank Securities Inc. (structuring agent) | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-06-24 | 2025-06-24 |
| QTS Hillsboro Holding I, LLC agreed-upon procedures by Deloitte & Touche LLP | QTS Issuer ABS I, LLC · QTS Co-Issuer ABS I, LLC of their | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-05-21 | 2025-05-21 2 disclosures |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenters Issuer II, LLC Guggenheim Securities, LLC (structuring agent) | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 16 | not published | 2025-05-07 | 2025-05-07 |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2025-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-05-06 | 2025-05-06 |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2025-2 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-03-25 | 2025-03-25 |
| TierPoint, LLC agreed-upon procedures by KPMG LLP | TierPoint Issuer, LLC · TierPoint Co-Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2025-1, 2025-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-03-20 | 2025-03-20 2 disclosures |
| Phoenix Infrastructure LLC agreed-upon procedures by Deloitte & Touche LLP | Centersquare Issuer LLC · Centersquare Co-Issuer LLC | 2025-1, 2025-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-02-26 | 2025-02-26 2 disclosures |
| Switch Inc. agreed-upon procedures by Deloitte & Touche LLP | Switch ABS Issuer, LLC & Switch ABS Co-Issuer, LLC | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-02-21 | 2025-02-21 2 disclosures |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenters Issuer III, LLC · Compass Datacenters Canada Issuer III Limited Partnership Guggenheim Securities, LLC (structuring agent) | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 14 | not published | 2025-01-31 | 2025-01-31 |
| CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC agreed-upon procedures by KPMG LLP | SWCH Commercial Mortgage Trust 2025-DATA | — | — CMBS · found by the deal's own name | — | not published | 2025-01-28 | 2025-01-28 |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2025-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2025-01-24 | 2025-01-24 |
| CyrusOne Holdco LLC agreed-upon procedures by KPMG LLP | CyrusOne Data Centers Issuer I LLC MUFG Securities Americas Inc. (structuring agent) | 2025-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 158 | not published | 2025-01-24 | 2025-01-24 |
| Cloud Capital HoldCo LP agreed-upon procedures by KPMG LLP | Cloud Capital 2024-1 Guggenheim Securities, LLC (structuring agent) | 2024-1 | — ABS · found by the accountants' report names a data centre | — | not published | 2024-11-14 | 2024-11-14 4 disclosures |
| Netrality Properties, LP agreed-upon procedures by KPMG LLP | Netrality ABS Issuer LLC - Guggenheim Securities, LLC (structuring agent) | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-10-25 | 2024-10-25 |
| Phoenix Infrastructure LLC agreed-upon procedures by Deloitte & Touche LLP | Centersquare Issuer, LLC · Centersquare Co-Issuer, LLC | 2024-1, 2024-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-09-24 | 2024-09-24 2 disclosures |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Vantage Data Centers Issuer, LLC | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-09-18 | 2024-09-18 2 disclosures |
| DI Sponsor LLC agreed-upon procedures by Ernst & Young LLP | DI Issuer LLC | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-09-05 | 2024-09-05 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenter Issuer II, LLC Guggenheim Securities, LLC (structuring agent) | 2024-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-08-15 | 2024-08-15 |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Retained Vantage Data Centers Issuer, LLC | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-08-07 | 2024-08-07 2 disclosures |
| EdgeConneX N.A. Finance Holdings V, LLC agreed-upon procedures by KPMG LLP | EdgeConneX Data Centers Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2024-1 | Secured Data Center Revenue Notes ABS · found by the deal's own name | — | not published | 2024-07-16 | 2024-07-16 |
| Switch Inc. agreed-upon procedures by Deloitte & Touche LLP | Switch ABS Issuer, LLC & Switch ABS Co-Issuer, LLC | 2024-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-05-22 | 2024-05-22 2 disclosures |
| Vantage Valkyrie BidCo S.a.r.l. agreed-upon procedures by Deloitte LLP | securities 4 inside of the United States and in accordance with United States attestation standards established by the American Institute of Certified Public Accountants and not in accordance with United Kingdom or other professional standards | — | — ABS · found by the data file records a data centre's engineering | — | not published | 2024-05-01 | 2024-05-01 |
| TierPoint, LLC agreed-upon procedures by KPMG LLP | TierPoint Issuer, LLC · TierPoint Co-Issuer, LLC - Guggenheim Securities, LLC (structuring agent) | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-04-26 | 2024-04-26 2 disclosures |
| CyrusOne Holdco LLC agreed-upon procedures by KPMG LLP | CyrusOne 2024-2 · CyrusOne 2024-3 Citigroup Global Markets Inc. (structuring agent) | 2024-2, 2024-3 | — ABS · found by the accountants' report names a data centre | 159 | not published | 2024-04-24 | 2024-04-25 3 disclosures |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2024-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-04-17 | 2024-04-17 |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2024-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-03-08 | 2024-03-08 |
| CyrusOne Holdco LLC agreed-upon procedures by KPMG LLP | CyrusOne 2024-1 Citigroup Global Markets Inc. (structuring agent) | 2024-1 | — ABS · found by the accountants' report names a data centre | 110 | not published | 2024-02-29 | 2024-02-29 |
| Switch, Inc. agreed-upon procedures by Deloitte & Touche LLP | Switch ABS Issuer, LLC | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-02-23 | 2024-02-23 2 disclosures |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | Compass Datacenter Issuer II, LLC Guggenheim Securities, LLC (structuring agent) | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-02-14 | 2024-02-14 2 disclosures |
| DataBank, Ltd. agreed-upon procedures by Deloitte & Touche LLP | DataBank Issuer, LLC · DataBank Co-Issuer, LLC | 2024-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2024-01-30 | 2024-01-30 2 disclosures |
| CyrusOne Holdco LLC agreed-upon procedures by KPMG LLP | CyrusOne 2023-2 Citigroup Global Markets Inc. (structuring agent) | 2023-2 | — ABS · found by the accountants' report names a data centre | 66 | not published | 2023-11-14 | 2023-11-14 |
| Aligned Energy Holdings, LP agreed-upon procedures by KPMG LLP | Aligned Data Centers Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2023-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 83 | not published | 2023-11-03 | 2023-11-03 |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2023-3 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-10-17 | 2023-10-17 |
| Flexential Parent Corporation agreed-upon procedures by KPMG LLP | Flexential Issuer, LLC · Flexential Co-Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2023-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-09-22 | 2023-09-22 2 disclosures |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Retained Vantage Data Centers Issuer, LLC | 2023-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-09-05 | 2023-09-05 2 disclosures |
| CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC agreed-upon procedures by PricewaterhouseCoopers LLP | — | — | — CMBS · found by the data file records a data centre's engineering | — | not published | 2023-05-10 | 2023-08-09 2 disclosures |
| Aligned Energy Holdings, LP agreed-upon procedures by KPMG LLP | Aligned Data Centers Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2023-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 77 | not published | 2023-08-02 | 2023-08-02 |
| Barclays Commercial Mortgage Securities LLC agreed-upon procedures by Ernst & Young LLP | DATA 2023-CNTR Mortgage Trust | — | — CMBS · found by the deal's own name | — | not published | 2023-06-21 | 2023-06-21 |
| TierPoint, LLC. agreed-upon procedures by KPMG LLP | TierPoint Issuer, LLC · TierPoint Co-Issuer, LLC - Guggenheim Securities, LLC (structuring agent) | 2023-1, 2023-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-06-20 | 2023-06-20 2 disclosures |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2023-2 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-05-26 | 2023-05-26 |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2023-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-04-06 | 2023-04-06 |
| CyrusOne Holdco LLC agreed-upon procedures by KPMG LLP | CyrusOne 2023-1 Barclays Capital Inc. (structuring agent) | 2023-1 | — ABS · found by the accountants' report names a data centre | 67 | not published | 2023-04-03 | 2023-04-03 |
| Vantage Data Centers Management Company, LLC agreed-upon procedures by Deloitte & Touche LLP | Vantage Data Centers Issuer, LLC | 2023-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-03-03 | 2023-03-03 2 disclosures |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2023-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-02-24 | 2023-02-24 |
| DataBank, Ltd. agreed-upon procedures by Deloitte & Touche LLP | DataBank Issuer, LLC · DataBank Co-Issuer, LLC | 2023-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2023-02-15 | 2023-02-15 2 disclosures |
| Aligned Energy Holdings, LP agreed-upon procedures by KPMG LLP | Aligned Data Centers Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2022-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | 60 | not published | 2022-10-31 | 2022-10-31 |
| Class B. Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2022-1 classes A-2/B | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2022-06-24 | 2022-06-24 |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP agreed-upon procedures by Ernst & Young LLP | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-DATA | — | — CMBS · found by the deal's own name | — | not published | 2022-05-20 | 2022-05-20 |
| Flexential Parent Corporation agreed-upon procedures by KPMG LLP | Flexential Issuer, LLC · Flexential Co-Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2022-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2022-03-30 | 2022-03-30 2 disclosures |
| EdgeConneX N.A. Finance Holdings V, LLC agreed-upon procedures by KPMG LLP | EdgeConneX Data Centers Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2022-1 | Secured Data Center Revenue Notes ABS · found by the deal's own name | — | not published | 2022-03-30 | 2022-03-30 |
| Cologix, Inc. agreed-upon procedures by Deloitte & Touche LLP | Cologix Data Centers US Issuer, LLC · Cologix Data Centers US Co-Issuer, LLC | 2021-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-12-01 | 2021-12-01 2 disclosures |
| Flexential Parent Corporation agreed-upon procedures by Deloitte & Touche LLP | Flexential Issuer, LLC · Flexential Co-Issuer, LLC | 2021-1, 2021-2 | Secured Data Center Revenue Notes ABS · found by the deal's own name | — | not published | 2021-11-10 | 2021-11-10 2 disclosures |
| Vantage Data Centers, LLC agreed-upon procedures by Deloitte & Touche LLP | Vantage Data Centers Issuer, LLC | 2021-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-10-20 | 2021-10-20 2 disclosures |
| DataBank, Ltd. agreed-upon procedures by Deloitte & Touche LLP | DataBank Issuer, LLC · DataBank Co-Issuer, LLC | 2021-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-10-08 | 2021-10-08 2 disclosures |
| DI Sponsor LLC agreed-upon procedures by Ernst & Young LLP | DI Issuer LLC | 2021-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-10-01 | 2021-10-01 |
| Aligned Energy Holdings, LP agreed-upon procedures by KPMG LLP | Aligned Data Centers Issuer, LLC Guggenheim Securities, LLC (structuring agent) | 2021-1 | Secured Data Center Revenue Notes ABS · found by the deal's own name | 41 | not published | 2021-08-03 | 2021-08-03 |
| DI PROPCO LLC agreed-upon procedures by Ernst & Young LLP | Vault DI Issuer LLC | 2021-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-06-30 | 2021-06-30 |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2021-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-06-17 | 2021-06-17 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | — | 2021-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-04-20 | 2021-04-20 |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | — | 2021-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-04-20 | 2021-04-20 |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2021-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2021-03-04 | 2021-03-04 |
| DataBank, Ltd. agreed-upon procedures by Deloitte & Touche LLP | — | 2020-1 | Secured Data Center Revenue Term Notes ABS · found by the accountants' report names a data centre | — | not published | 2021-02-16 | 2021-02-17 2 disclosures |
| Compass Datacenters, LLC agreed-upon procedures by KPMG LLP | — | 2020-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2020-09-24 | 2020-09-24 |
| Vantage Data Centers Holdings, LLC agreed-upon procedures by Deloitte & Touche LLP | Vantage Data Centers Issuer, LLC | 2020-1 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2020-09-11 | 2020-09-11 2 disclosures |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2020-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2020-08-17 | 2020-08-17 |
| Sabey Data Center Properties LLC agreed-upon procedures by Deloitte & Touche LLP | Sabey Data Center Issuer LLC | 2020-1 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2020-03-11 | 2020-03-11 2 disclosures |
| Stack Infrastructure, Inc. agreed-upon procedures by Deloitte & Touche LLP | Stack Infrastructure Issuer, LLC | 2019-2 classes A-2 | Secured Data Center Revenue Term Notes ABS · found by the deal's own name | — | not published | 2019-11-06 | 2019-11-06 |
100 of 102 shown
Sponsors — the operators behind the vehicles
36 rows
Each operator behind the vehicles, with its deals, the series and vehicles they sold, and the dates of its first and latest disclosure — grouped from the deals above.
| # | ||||||
|---|---|---|---|---|---|---|
| 1 | Compass Datacenters, LLC | 11 | 2026-2, 2026-1, 2025-2, 2025-3, 2025-1, 2024-2, 2024-1, 2021-1, 2020-2 | Compass Datacenters Issuer III, LLC · Compass Datacenters Canada Issuer III Limited Partnership · Compass Datacenters Issuer II, LLC · Compass Datacenter Issuer II, LLC | 2020-09-24 | 2026-07-16 |
| 2 | Stack Infrastructure, Inc. | 9 | 2026-1, 2025-1, 2024-1, 2023-3, 2023-2, 2023-1, 2021-1, 2020-1, 2019-2 | Stack Infrastructure Issuer, LLC | 2019-11-06 | 2026-02-05 |
| 3 | Sabey Data Center Properties LLC | 7 | 2026-1, 2025-2, 2025-1, 2024-1, 2023-1, 2021-1, 2020-1 | Sabey Data Center Issuer LLC | 2020-03-11 | 2026-01-16 |
| 4 | Vantage Data Centers Management Company, LLC | 7 | 2025-2, 2025-3, 2025-1, 2024-1, 2023-1 | Vantage Data Centers Issuer, LLC · Retained Vantage Data Centers Issuer, LLC | 2023-03-03 | 2025-10-30 |
| 5 | Aligned Energy Holdings, LP | 5 | 2026-1, 2023-2, 2023-1, 2022-1, 2021-1 | Aligned Data Centers Issuer, LLC | 2021-08-03 | 2026-06-17 |
| 6 | Flexential Parent Corporation | 5 | 2026-1, 2025-1, 2023-1, 2022-1, 2021-1, 2021-2 | Flexential Issuer, LLC · Flexential Co-Issuer, LLC | 2021-11-10 | 2026-02-20 |
| 7 | DataBank, Ltd. | 5 | 2026-1, 2024-1, 2023-1, 2021-2, 2020-1 | DataBank Issuer, LLC · DataBank Co-Issuer, LLC | 2021-02-16 | 2026-01-07 |
| 8 | CyrusOne Holdco LLC | 5 | 2025-1, 2024-2, 2024-3, 2024-1, 2023-2, 2023-1 | CyrusOne Data Centers Issuer I LLC · CyrusOne 2024-2 · CyrusOne 2024-3 · CyrusOne 2024-1 · CyrusOne 2023-2 · CyrusOne 2023-1 | 2023-04-03 | 2025-01-24 |
| 9 | Cologix, Inc. | 4 | 2026-1, 2025-1, 2021-1 | Cologix Canadian Issuer Limited Partnership · Cologix Data Centers US Issuer, LLC · Cologix Data Centers US Co-Issuer, LLC · Scalelogix ABS US Issuer, LLC | 2021-12-01 | 2026-07-31 |
| 10 | Quality Technology Services ABS II Manager, LLC | 4 | 2026-6, 2026-7, 2026-8, 2026-5, 2025-2, 2025-3, 2025-4, 2025-5, 2025-6, 2025-7, 2026-1, 2026-2, 2026-3, 2026-4 | QTS Issuer ABS II, LLC · QTS Co-Issuer ABS II, LLC of their | 2025-12-03 | 2026-06-15 |
| 11 | Switch Inc. | 4 | 2026-1, 2025-2, 2025-1, 2024-2 | Switch ABS Issuer, LLC & Switch ABS Co-Issuer, LLC | 2024-05-22 | 2026-02-20 |
| 12 | Phoenix Infrastructure LLC | 4 | 2025-5, 2025-6, 2025-3, 2025-4, 2025-1, 2025-2, 2024-1, 2024-2 | Centersquare Issuer LLC · Centersquare Co-Issuer LLC · Centersquare Issuer, LLC · Centersquare Co-Issuer, LLC | 2024-09-24 | 2025-11-10 |
| 13 | TierPoint, LLC | 3 | 2025-3, 2025-1, 2025-2, 2024-1 | TierPoint Issuer, LLC · TierPoint Co-Issuer, LLC · TierPoint Co-Issuer, LLC - | 2024-04-26 | 2025-10-14 |
| 14 | Cloud Capital HoldCo LP | 2 | 2026-1, 2024-1 | Cloud Capital · Cloud Capital 2024-1 | 2024-11-14 | 2026-07-02 |
| 15 | Vantage Valkyrie BidCo S.a.r.l. | 2 | — | securities inside of the United States and in accordance with United States attestation standards established by the American Institute of Certified Public Accountants and not in accordance with United Kingdom or other professional standards · securities 4 inside of the United States and in accordance with United States attestation standards established by the American Institute of Certified Public Accountants and not in accordance with United Kingdom or other professional standards | 2024-05-01 | 2025-10-30 |
| 16 | CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC | 2 | — | SWCH Commercial Mortgage Trust 2025-DATA | 2023-05-10 | 2025-01-28 |
| 17 | DI Sponsor LLC | 2 | 2024-1, 2021-1 | DI Issuer LLC | 2021-10-01 | 2024-09-05 |
| 18 | EdgeConneX N.A. Finance Holdings V, LLC | 2 | 2024-1, 2022-1 | EdgeConneX Data Centers Issuer, LLC | 2022-03-30 | 2024-07-16 |
| 19 | Vantage Data Centers, LLC | 2 | 2021-1, 2019-1 | Vantage Data Centers Issuer, LLC | 2019-07-23 | 2021-10-20 |
| 20 | CloudHQ LLC | 1 | 2026-1 | CloudHQ | 2026-04-07 | 2026-04-07 |
| 21 | Serverfarm, LLC | 1 | 2025-1 | SF ABS Issuer, LLC | 2025-10-28 | 2025-10-28 |
| 22 | QTS Phoenix II DC2 Holding I, LLC | 1 | 2025-1 | QTS Issuer ABS II, LLC · QTS Co-Issuer ABS II, LLC of their | 2025-08-28 | 2025-08-28 |
| 23 | DataBank Holdings, Ltd.. | 1 | 2025-1 | DataBank Issuer II, LLC · DataBank Co-Issuer II, LLC | 2025-08-27 | 2025-08-27 |
| 24 | Urbacon Properties Ltd. | 1 | 2025-1 | Urbacon DC Limited Partnership | 2025-07-31 | 2025-07-31 |
| 25 | MECP1 Mesa Intermediate 1, LLC | 1 | 2025-1 | EDI ABS Issuer 1, LLC | 2025-07-08 | 2025-07-08 |
| 26 | Struxture Data Centers Inc. | 1 | 2025-1 | eStruxture Issuer Limited Partnership | 2025-06-30 | 2025-06-30 |
| 27 | QTS Hillsboro Holding I, LLC | 1 | 2025-1 | QTS Issuer ABS I, LLC · QTS Co-Issuer ABS I, LLC of their | 2025-05-21 | 2025-05-21 |
| 28 | Netrality Properties, LP | 1 | 2024-1 | Netrality ABS Issuer LLC - | 2024-10-25 | 2024-10-25 |
| 29 | Switch, Inc. | 1 | 2024-1 | Switch ABS Issuer, LLC | 2024-02-23 | 2024-02-23 |
| 30 | Barclays Commercial Mortgage Securities LLC | 1 | — | DATA 2023-CNTR Mortgage Trust | 2023-06-21 | 2023-06-21 |
| 31 | TierPoint, LLC. | 1 | 2023-1, 2023-2 | TierPoint Issuer, LLC · TierPoint Co-Issuer, LLC - | 2023-06-20 | 2023-06-20 |
| 32 | Class B. Sabey Data Center Properties LLC | 1 | 2022-1 | Sabey Data Center Issuer LLC | 2022-06-24 | 2022-06-24 |
| 33 | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP | 1 | — | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-DATA | 2022-05-20 | 2022-05-20 |
| 34 | DI PROPCO LLC | 1 | 2021-1 | Vault DI Issuer LLC | 2021-06-30 | 2021-06-30 |
| 35 | Vantage Data Centers Holdings, LLC | 1 | 2020-1 | Vantage Data Centers Issuer, LLC | 2020-09-11 | 2020-09-11 |
| 36 | STACK INFRASTRUCTURE PARENT, LLC | 1 | 2019-1 | Stack Infrastructure Issuer, LLC | 2019-01-22 | 2019-01-22 |
Definitions — the deal registry
- deal
- one 144A data-centre securitisation as its due-diligence report names it: the issuing entity, the note description and the series; the sponsor must make that report public even though the notes are never registered
- sponsor
- the operator the accountants' report is addressed to (Compass Datacenters, Vantage Data Centers Management Company, Stack Infrastructure) — the company behind the vehicle
- leaseCount
- the number of lease agreements in the data file the accountants tested, when the report states it — the collateral count, not a dollar amount
- banks
- the structuring agent, initial purchasers or placement agents the report names
- fitch
- the published rating action that names the same issuing entity and series — the deal's amounts, classes and ratings are the ones it states; the due-diligence report states none
- amounts
- the due-diligence report carries no deal size. A deal's size is known only when a rating agency published it (see fitch) or a fund reports holding the notes
- kind
- abs = notes issued off a corporate shelf ("Secured Data Center Revenue Term Notes"); cmbs = a mortgage trust secured by data-centre property ("DATA 2023-CNTR Mortgage Trust"). Both are data-centre debt and they are counted apart
- reason
- which sign made the deal ours: the deal's own name, a collateral clause naming data centres and nothing else, a data file recording a data centre's engineering (PUE, raised floor, megawatts), or the report naming one in its opening pages
- notCovered
- registered ABS (they are disclosed another way), deals whose sponsor made no such report public, asset classes other than data centres, and a conduit that merely holds one data-centre loan among other property types (set aside, with the reason kept)
Fitch rating actions — securitisations and project debt
9 rows
The debt behind leased data centres that is never registered: 144A notes secured by hyperscale sites and single-project financings, as they were rated — issuer vehicle, note classes with amounts and ratings, the trust balance, the megawatts, and the tenant behind the lease when it is named. Each row quotes the action as announced, in the agency's own words.
| 2026-09-22 | expected rating IDR BB-(EXP) | DDC 01 Propco LLC “Fitch Ratings - London - 22 Sep 2026: Fitch Ratings has assigned DDC 01 Propco LLC an expected Long-Term Issuer Default Rating (IDR) of 'BB-(EXP)'. Fitch has also assigned a 'BB-(EXP)' expected rating to the project's proposed senior secured notes. The Rating Outlook is Positive.” | project finance | — | — | 100 | CoreWeave tenant |
| 2026-08-06 | rating assigned IDR BB- | Galaxy Helios Data Centers II LLC “Fitch Ratings - New York - 06 Aug 2026: Fitch Ratings has assigned a Long-Term Issuer Default Rating (IDR) of 'BB-' to Galaxy Helios Data Centers II LLC and to Galaxy's senior secured notes. The Rating Outlook is Stable.” | project finance | — | — | 260 | CoreWeave tenant |
| 2026-07-30 | final rating | Compass Datacenters Issuer III, LLC and Compass Datacenters Canada Issuer III LP · 2026-2 “Fitch Ratings - New York - 30 Jul 2026: Fitch Ratings has assigned the following final ratings and Ratings Outlooks to Compass Datacenters Issuer III, LLC and Compass Datacenters Canada Issuer III LP Secured Data Center Revenue Term Notes, Series 2026-2:” | securitisation Rule 144A | $413M trust $2.58B · issuance $413M | A-2-I AAAsf · A-2-II AA-sf · A-2-III Asf | 234.2 | tenant not named operator Compass Datacenters Core, LLC |
| 2026-07-29 | final rating | Lohrasp Enterprise II LLC · 2026-1 “Fitch Ratings - New York - 29 Jul 2026: Fitch Ratings has assigned final ratings and Rating Outlooks to Lohrasp Enterprise II LLC, Secured Data Center Revenue Term Notes, series 2026-1 (Cloud Capital 2026-1) as follows:” | securitisation Rule 144A | $520M issuance $520M | A-2-I AAAsf | 80 | tenant not named operator Cloud Capital |
| 2026-07-22 | expected rating | Sopaipilla Investor, LLC “Fitch Ratings - Toronto - 22 Jul 2026: Fitch Ratings has assigned Sopaipilla Investor, LLC's (Sopaipilla) proposed $12.3 billion senior secured notes an expected 'AA-(EXP)' rating. The Rating Outlook is Stable.” | project finance | — issuance $12.30B | — | — | tenant not named |
| 2026-07-22 | expected rating IDR BB-(EXP) | Galaxy Helios Data Centers II LLC “Fitch Ratings - New York - 22 Jul 2026: Fitch Ratings has assigned an expected Long-Term Issuer Default Rating (IDR) of 'BB-(EXP)' to Galaxy Helios Data Centers II LLC and to Galaxy's proposed senior secured notes. The Rating Outlook is Stable.” | project finance | — | — | 260 | CoreWeave tenant |
| 2026-07-20 | expected rating | Compass Datacenters Issuer III, LLC and Compass Datacenters Canada Issuer III LP · 2026-2 “Fitch Ratings - New York - 20 Jul 2026: Fitch Ratings has assigned the following expected ratings and Rating Outlooks to Compass Datacenters Issuer III, LLC and Compass Datacenters Canada Issuer III LP Secured Data Center Revenue Term Notes, Series 2026-2:” | securitisation Rule 144A | $413M trust $2.58B · issuance $413M | A-2-I AAA(EXP)sf · A-2-II AA-(EXP)sf · A-2-III A(EXP)sf | 234.2 | tenant not named operator Compass Datacenters Core, LLC |
| 2026-07-09 | expected rating | QTS Thunder Managing Issuer, LLC “Fitch Ratings - Toronto - 09 Jul 2026: Fitch Ratings has assigned QTS Thunder Managing Issuer, LLC's (QTS Thunder or the portfolio) proposed up to $3.6 billion senior secured debt an expected 'BBB(EXP)' rating. The Rating Outlook is Stable.” | project finance | — issuance $3.60B | — | 494 | tenant not named |
| 2026-07-01 | final rating | QTS Issuer ABS II, LLC and QTS Co-Issuer ABS II, LLC · 2026-6 and 2026-7 “Fitch Ratings - New York - 01 Jul 2026: Fitch Ratings has assigned the following final ratings and Ratings Outlooks to QTS Issuer ABS II, LLC and QTS Co-Issuer ABS II, LLC Secured Data Center Revenue Term Notes, Series 2026-6 and 2026-7.” | securitisation Rule 144A | $870M trust $2.71B · issuance $870M | A-2-I AAAsf · A-2-II AA-sf · A-2-III Asf · B BBB-sf · A-2-I AAAsf · A-2-II AA-sf · A-2-III Asf | 181.5 | tenant not named |
Definitions — Fitch rating actions
- setAside
- rating actions that name no data centre (another asset class): left out of the rows and kept apart, each with the reason
- row
- one Fitch rating action on a data-center securitisation or project financing, read by a stated rule, its header sentence quoted
- ratedTotalUsdB
- the sum of the note classes the rating action lists with amounts — the notes rated in this action, not the whole trust
- trustTotalUsdB
- the master trust's total balance when the rating action states it (earlier series included, rated by Fitch or not)
- issuanceTotalUsdB
- the amount of this issuance when the rating action states it ('totaling $413 million')
- kind
- securitisation (structured finance: notes secured by leased data centers) or project finance (a single project's senior secured notes)
- rule144a
- the rating action says the notes were privately placed under Rule 144A — why they never appear among registered offerings
- leaseCounterparty
- the tenant named behind the lease; 'confidential' tenants stay unnamed; tenantCompanyId links it to a tracked company by name
- operator
- the sponsor or operator the rating action names as managing the assets
- mw
- the critical IT load the rating action states, in megawatts
- idr
- the Issuer Default Rating assigned (project finance)
- debtRating
- the notes' own rating when the header states one — an expected rating '(EXP)' before pricing, or the rating affirmed
- notCovered
- ratings by other agencies, deals Fitch does not rate, the notes' coupons and prices (a rating action does not state them), any estimate
- source
- the rating agency's own public rating actions, taken as they state them; nothing is estimated