New York, April 09, 2014 -- Moody's Investors Service ("Moody's") has affirmed the Caa1 Corporate Family Rating ("CFR") of Florida East Coast Holdings Corp. ("FECH") and has assigned a B3 rating to the $850 million senior secured notes due 2019 that the company plans to arrange to refinance its existing notes. In addition, Moody's has assigned a Caa3 rating to the $250 million senior unsecured notes due 2020 that FECH plans to issue as part of this refinancing. FECH intends to issue the $850 million senior secured notes and the $250 million senior unsecured notes with Florida East Coast Industries, LLC ("FECI") as co-issuer, with a portion of the proceeds to be allocated to each of the issuers. The rating action considers FECH's strong growth trajectory and increasing profitability, balanced against the company's elevated debt levels as a result of its obligations under the new notes. The ratings outlook is stable.

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