DBRS Rates Thomson Reuters Corporation’s $500 Million Debt Issuance at A (low), Stable Trend

DBRS has today assigned a rating of A (low) with a Stable trend to the $500 million 30-year issuance (the Notes) by Thomson Reuters Corporation (Thomson Reuters or the Company).

The Notes reference the short-form base shelf prospectus dated December 23, 2008 and are set to settle on March 30, 2010. Furthermore, the Notes are issued with a 5.85% coupon, at the price of 98.288, and are set to mature on April 15, 2040.

DBRS expects Thomson Reuters to use the proceeds from this issuance and available cash resources to repurchase its outstanding $700 million principal 6.20% notes due January 5, 2012.

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

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

This is a Corporate (Publishing& Media) rating.