Moody's announces completion of a periodic review of ratings of Canadian Pacific Railway Company
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Canadian Pacific Railway Company. Global Credit Research- 28 Oct 2019. Toronto, October 28, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Canadian Pacific Railway Company and other ratings that are associated with the same analytical unit.Canadian 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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