S&P: Downgrade of Kansas City Southern less likely - Consumer Finance Hub

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HOME :: RESEARCH :: DEBT :: NEWS:: DEC 2008
S&P: Downgrade of Kansas City Southern less likely

Standard & Poor's Ratings Services said Monday it is less likely to lower its ratings on Kansas City Southern after the railroad operator's recent $175 million debt issuance. The credit ratings agency raised its outlook on Kansas City Southern to "Stable" from "Developing" and reaffirmed its "B+" corporate credit rating. Last week, the Kansas City, Mo., company said it would offer $175 million in senior notes due in 2013. The company said it would use the proceeds to repurchase $200 million in debt due next year.

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