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

Wed Apr 20, 2016 1:33pm EDT
 
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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: