April 20, 2016 / 5:37 PM / in a year

BRIEF-Moody's cuts Canadian Pacific's Baa1 rating outlook to negative

April 20 (Reuters) - Moody's:

* Moody's changes Canadian Pacific Railway's Baa1 rating outlook to negative

* Negative outlook reflects CP's high leverage, which was 3.3x at year end 2015, expectation that it will decline moderately below 3x in 2016

* Affirmed Canadian Pacific Railway's senior unsecured ratings at Baa1 and Prime-2 rating for the company's commercial paper program Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below