Date of Release: 2009-06-29
DBRS has today assigned a BBB rating, with a Negative trend, to the Shelf Registrations (Shelf) entered into by Canadian Pacific Railway Company (CP) for the issuance of up to $1.5 billion of Medium-Term Notes and up to US$1.5 billion of Senior Unsecured Debt. Debt securities issued under these agreements will rank pari passu with all other unsecured and unsubordinated indebtedness of CP.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Rating Companies in the Railway Industry, which can be found on our website under Methodologies.
This is a Corporate rating.
ALL DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES AND METHODOLOGIES.
