Fitch rates Kansas City Southern de Mexico notes BB

Fitch Ratings said it affirmed the foreign and local currency issuer default ratings of Kansas City Southern de Mexico, SA de CV at BB.

Fitch said it has also affirmed at BB the following senior unsecured obligations of the issuer: $94.1 million of senior notes due 2016, $296.3 million of senior notes due 2018 and $185 million of senior notes due 2020;

In addition, Fitch said it has assigned a rating of BB to Kansas City Southern de Mexico's $200 million of senior notes due 2021.

The outlook is stable.

Fitch noted that the ratings reflect the company's solid business position as a leading provider of railway transportation services in Mexico with a diversified revenue base.

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