Fitch affirms Thomson Reuters

Fitch Ratings said it affirmed the following ratings on Thomson Reuters Corp. and its subsidiaries:

• Thomson Reuters' 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; and

• Reuters Finance Ltd.'s issuer default rating at A-; and senior unsecured at A-.

The outlook is stable.

Fitch said that its ratings for Thomson Reuters reflect the company's cash flow generating ability, its sound balance sheet and its consistent and conservative financial policies.

The agency noted that it expects that the company will continue to target 2.0 times net unadjusted leverage over the longer term.

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