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Moody's: Kansas City loan Ba1
Moody's Investors Service said it assigned a Ba1 rating to Kansas City Southern de Mexico, SA de CV's $200 million senior secured revolving credit facility due 2016.
The company's corporate family rating of Ba2 is unaffected by the action.
The outlook is stable.
The ratings reflect a sharp improvement trend in credit metrics resulting from the substantial revenue and yield growth that the company is demonstrating in the current economic environment, particularly in light of higher growth in the Mexican industrial sectors, Moody's said.
The ratings also consider the company's substantial debt balances, which the company will likely maintain for the foreseeable future, the agency said.
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