Fitch assigns Thomson Reuters notes A-

Fitch Ratings said it assigned an A- rating to Thomson Reuters Corp.'s proposed dollar denominated unsecured note offering.

Proceeds are expected to be used to fund the company's tender offer/prepayment of its $700 million 6.2% unsecured note due January 2012, the agency added.

Fitch said it rates the new notes equal to the company's existing debt.

According to the agency, current ratings include the company's issuer default rating at A-; bank credit facility at A-; senior unsecured notes at A-; short-term issuer default rating at F2; and commercial paper at F2 as well as Reuters Finance Ltd.'s issuer default rating at A- and senior unsecured at A-.

The outlook is stable.

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