DBRS Morningstar Downgrades Ratings of Canadian Pacific Railway Company to BBB and R-2 (middle), With Stable Trends
Please refer to PDF document for more detail about our research: DBRS Morningstar Downgrades Ratings of Canadian Pacific Railway Company to BBB and R-2 (middle), With Stable TrendsCanadian Pacific Railway operates a transcontinental railway in Canada and the U.S. Co.'s business mix includes bulk commodities, merchandise freight and intermodal traffic, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the U.S. Northeast and Midwest regions. As of Dec 31 2016, Co. operated on a network of approximately 12,400 miles of track, of which CP owns 10,800 miles and has access to 1,600 miles under trackage rights and lease agreements. Of the total mileage operated, about 5,600 miles were located in western Canada, 2,000 miles in eastern Canada, 4,400 miles in the U.S. Midwest and 400 miles in the U.S. Northeast.
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