DBRS confirms Reuters

DBRS said it confirmed Thomson Reuters Corp.'s ratings at A (low), R-1 (low) and Pfd-2 (low) ratings.

The trend is stable.

The confirmation is based on the company's balanced business risk profile, stemming from both product and geographic diversification, along with its healthy financial risk profile, which continues to improve organically and with strategic acquisitions, DBRS said.

The company's operations continue to be more resilient to economic cycles, given the fact that its services are much more highly subscription-based than those of its peers, including traditional advertising-based media companies, the agency said.

While not immune to changes in the economy, the state of the global capital markets and a general move away from legacy high-margin print revenue in some of its businesses, Thomson Reuters continues to invest in its products while optimizing its portfolio of services, DBRS said.

This optimization continues to benefit the company in diversifying its portfolio of services and its geographic exposure, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.