DBRS Releases Report on CP Rail

DBRS today has released a report on Canadian Pacific Railway Company (CP or the Company) that supports the recent trend change on the Company’s BBB long-term ratings to Negative from Stable.

The trend change primarily reflects the Company’s currently aggressive financial profile (which is at the low end of the rating range) and the uncertainty regarding CP’s ability to generate improvement in its key credit metrics over the near term.

Today’s report and the November 16, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.