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Fitch Affirms KCS at ‘BBB’ Fitch Affirms KCS at ‘BBB’ Written by William C. Vantuono, Editor-in-Chief Fitch Ratings has affirmed Kansas City Southern’s Long-Term Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB.’ In addition, Fitch has affirmed KCS’s Short-Term IDR and senior unsecured rating at ‘F2.’ Fitch’s Rating Outlook is ‘Stable.’ Fitch said its affirmations “follows KCS’s announcement that it will be acquired by Canadian National (CN) in a transaction valued at $33.7 billion. The announcement comes after KCS had previously agreed to be acquired by Canadian Pacific (CP) for $28.9 billion. The valuation for the transaction is high at more than 20x KCS’s projected 2020 EBITDA. The transaction must be approved by the Surface Transportation Board (STB) and Mexican regulatory bodies before closing. The companies expect the transaction to close in mid-2022. Fitch does not publicly

Fitch ratingsNorfolk southernPrecision scheduled railroadCanadian nationalFitch affirmsKansas city southernLong term issuer default ratingRating outlookCanadian pacificSurface transportation boardKey assumptions within its rating caseIssuer includeNon financial corporateஃபிட்ச் ரேடிஂக்ஸ்நார்ஃபோக் தெற்குப்ரிஸிஶந் திட்டமிடப்பட்ட இரயில் பாதை