Fitch affirms Thomson Reuters

Fitch Ratings said it affirmed Thomson Reuters Corp.'s issuer default rating, bank credit facility and senior notes at A- and its short-term issuer default rating and commercial paper at F2.

The outlook is stable.

The ratings reflect the company's cash flow generating ability, its sound balance sheet and its consistent and conservative financial policies as well as meaningful barriers to entry in Thomson Reuter's core businesses and the limited number of well-capitalized competitors that compete predominantly on product differentiation, quality and delivery, the agency said.

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