April 20 (Reuters) - Moody's:
* Moody's changes Canadian Pacific Railway's Baa1 rating
outlook to negative
* Negative outlook reflects CP's high leverage, which was
3.3x at year end 2015, expectation that it will decline
moderately below 3x in 2016
* Affirmed Canadian Pacific Railway's senior unsecured
ratings at Baa1 and Prime-2 rating for the company's commercial
paper program
Source text for Eikon: ID:nMDY28Tq1q
Further company coverage: CP.TO