DBRS Rates Thomson Reuters Corporation’s $350 Million Debt Issue at A (low), Stable Trend

DBRS has today assigned a rating of A (low) to Thomson Reuters Corporation’s (Thomson Reuters or the Company) issue of $350 million ten-year notes (the Notes). The trend is Stable.

The Notes will be issued by way of a supplement to the Company’s short-form base shelf prospectus dated April 1, 2011, and under its indenture dated December 21, 2010. The issue, which was priced at 99.576%, will carry a 3.95% coupon and a September 30, 2021, maturity date. Closing is expected to be on or around October 5, 2011.

The Notes will be direct, unsecured obligations of Thomson Reuters and will not be guaranteed. The Notes will rank equally and ratably with all of the Company’s other unsecured and unsubordinated obligations.

DBRS expects Thomson Reuters to use the proceeds from this issuance to repay borrowings under its commercial paper program that were used to repay its C$600 million 5.25% notes that matured in July 2011.

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

The applicable methodology is Rating the Newspaper and Magazine Publishing Industry, which can be found on our website under Methodologies.