DBRS Rates Thomson Reuters Corporation’s $550 Million Notes Issuance BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to Thomson Reuters Corporation’s (Thomson Reuters or the Company) CAD 550 million 3.309% notes issuance, due November 12, 2021.

Thomson Reuters plans to use the net proceeds of this offering for general corporate purposes, including, without limitation, to fund the redemption of all of its outstanding CAD 750 million principal amount of 6.00% notes due March 2016 and to finance share repurchases under its previously announced buyback program.

Notes:
All figures are in Canadian dollars unless otherwise noted.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Companies in the Publishing Industry, which can be found on our website under Methodologies. For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.