DBRS Confirms Thomson Reuters Corporation’s Commercial Paper Program at R-1 (low)

DBRS has today confirmed Thomson Reuters Corporation’s (Thomson Reuters or the Company) Commercial Paper program at R-1 (low). The trend is Stable.

The Company has increased the limit of its current Commercial Paper program from $1.2 billion to $2.0 billion. DBRS notes that this program continues to be fully backed by Thomson Reuters’ $2.0 billion revolving credit facility that was recently renewed in Q3 2011 and now matures on August 16, 2016.

DBRS notes that Thomson Reuters’ long-term and preferred shares ratings remain A (low) and Pfd-2 (low), respectively.

Note:
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.