Fitch ups Kansas City Southern

Fitch Ratings said it upgraded the foreign and local currency issuer default ratings of Kansas City Southern de Mexico, SA de CV to BB-from B+.

The outlook is stable.

Fitch said it has also upgraded to BB- from B+ the following senior unsecured obligations of Kansas City Southern: $165 million 7.375% senior notes due 2014, $460 million 9.375% senior notes due 2012 and $175 million 7.625% senior notes due 2013.

Fitch added that these rating actions reflect Kansas City Southern's improving operating profile, increased financial flexibility and stronger liquidity over the past two years.

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