(Source: Canadian Press, December 21, 2015)
OMAHA, Neb. — Rating agency Moody’s says Canadian Pacific and Norfolk Southern could face credit downgrades if the two railroads move forward with a proposed merger. Moody’s said Monday that it hasn’t taking any action on the railroads’ ratings yet because it’s not clear Norfolk Southern will agree to Canadian Pacific’s buyout offer.
Full story: CTVnews.ca