Moody's ups Kansas City Southern

Moody's Investors Service said it raised the corporate family ratings of Kansas City Southern and Kansas City Southern de Mexico SA de CV to B1 from B2.

At the same time, Moody's said it has raised the ratings for Kansas City Southern's subsidiary Kansas City Southern Railroad's senior notes to B2 from B3 and has raised the ratings of Kansas City Southern Mexico's senior notes to B1 from B2.

The ratings of Kansas City Southern Railroad's senior secured credit facilities have been affirmed at Ba2, the agency said.

The outlook remains stable.

"Kansas City Southern's debt ratings were upgraded primarily in recognition of the company's demonstrated ability to improve profitability and service metrics, while managing strong sales growth", according to David Berge, vice president at Moody's Investors Service.

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