S&P ups Kansas City Southern view to positive

Standard & Poor’s said it revised its outlook on Kansas City Southern to positive from stable and affirmed the ratings on the company, including the BBB- long-term corporate credit rating.

S&P also affirmed the A-3 short-term corporate credit ratings on Kansas City Southern and Kansas City Southern de Mexico SA de CV and S&P’s A-3 short-term issue ratings on the commercial paper programs issued by Kansas City Southern’s subsidiaries, Kansas City Southern Railway Co. and Kansas City Southern de Mexico.

“The outlook revision reflects the improvement in KCS’ credit metrics over the past year as a result of a positive pricing environment, freight volume growth across almost all product areas, especially Automotive, Intermodal, and Agriculture & Minerals, and continued cost-cutting efforts,” said S&P credit analyst Tatiana Kleiman in a news release.

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