Moody's cuts Kansas City Southern de Mexico

Moody's Investors Service said it has lowered the ratings of Kansas City Southern de Mexico SA de CV, including the corporate family rating to B2 from B1, and has changed the outlook to negative from stable.

At the same time, Moody's said it affirmed the debt ratings of the Kansas City Southern Railway Co. and Kansas City Southern de Mexico's parent company Kansas City Southern (corporate family at B1), and changed the outlook to negative from stable.

Moody's added that it lowered Kansas City Southern de Mexico's rating to B2 to reflect expectations for weakening financial performance at KCSM because of the high degree of sensitivity to conditions in both the U.S. and the Mexican economies.

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