Press Release

DBRS Rates Thomson Reuters Corporation’s Planned Debt Issue A (low), Stable Trend

Telecom/Media/Technology
March 26, 2009

DBRS has today assigned a rating of A (low) to Thomson Reuters Corporation’s (Thomson Reuters or the Company) planned Senior Unsecured Notes (the Notes) issue. The trend is Stable.

The Notes will be issued under Thomson Reuters’ $3 billion universal shelf prospectus dated December 23, 2008. The Notes will be unsecured obligations of Thomson Reuters and rank equally with all other unsecured and unsubordinated obligations of Thomson Reuters.

DBRS expects Thomson Reuters to use the proceeds from this notes issue for general corporate purposes, including repaying existing indebtedness.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Media and Entertainment, which can be found on our website under Methodologies.

This is a Corporate (Publishing& Media) rating.