Moody's affirms Kansas City Southern

Moody's Investors Service said it affirmed Kansas City Southern's corporate family rating at B1 and Kansas City Southern de Mexico SA de CV's corporate family rating at B2.

The outlook was changed to positive from stable.

Moody's also assigned a B1 rating to KCS Mexico's proposed senior credit facility and a Ba2 rating to KCS Railway Co.'s senior secured credit facility.

The outlook change reflects anticipation of improving operating results through 2010, according to the agency.

The positive outlook also reflects the important steps that KCS has taken in refinancing a substantial amount of debt and improving its debt maturity profile, the agency noted.

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