Moody's could cut IRPC

Moody's Investors Service said it placed the Baa3 corporate family rating and senior unsecured bond rating of IRPC PCL under review for possible downgrade.

"The review follows IRPC's weaker-than-expected operating performance and financial metrics in 2012 and concerns that the company could take longer than expected to improve its operating margins and financial profile," Moody's vice president and senior analyst Simon Wong said in a news release.

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