Moody's lifts Kansas City Southern de Mexico

Moody's Investors Service said it upgraded Kansas City Southern de Mexico, SA de CV's corporate family rating to Ba3 from B1.

The outlook is positive.

The ratings were upgraded in recognition of the substantial revenue and yield growth that the company is demonstrating in the recovering economic environment, particularly in light of higher growth in the Mexican industrial sectors, Moody's said.

The company's margins have improved dramatically over the past two years, the agency said.

The positive outlook reflects expectations that the company will continue to see steady revenue growth over the near term at improving margins, which will result in improved earnings and positive free cash flow over this period, Moody's said.

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