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Moody's: KCSR loan Baa3
Moody's Investors Service said it assigned a Baa3 rating to The Kansas City Southern Railway Co.'s $275 million senior secured term loan A-2 due 2017.
The company's other ratings, including the corporate family rating of Ba1, are unaffected.
The outlook is stable.
Moody's said that with a rapid restoration in freight volume and yield, Kansas City Southern's credit profile has improved materially through the business cycle recovery, supporting its Ba1 corporate family rating, as credit metrics are trending toward levels more typical of higher-rated railroad companies.
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