New York, January 20, 2015 -- Moody's Investors Service (Moody's) has affirmed Zayo Group, LLC.'s ("Zayo" or "the company") B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) following the company's announcement that it will acquire Latisys Holdings, LLC and its subsidiary Latisys Corp ("Latisys") for $675 million. As part of the rating action, Moody's has also assigned a Caa1 rating to Zayo's proposed $700 million senior unsecured notes offering, which will be used to finance the acquisition of Latisys. Moody's has also changed Zayo's Speculative Grade Liquidity (SGL) rating to SGL-1 from SGL-3 given the company's improved free cash flow profile. The ratings outlook remains stable.

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