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DBRS rates Thomson Reuters notes A (low)
DBRS said it assigned a rating of A (low) to Thomson Reuters Corp.'s issue of $350 million 3.95% notes due Sept. 30, 2021.
The trend is stable.
The notes will be direct, unsecured obligations of Thomson Reuters and will not be guaranteed, DBRS said.
The notes will rank equally and ratably with all of the company's other unsecured and unsubordinated obligations, the agency said.
The proceeds will be used to repay borrowings under its commercial paper program that were used to repay its C$600 million 5.25% notes that matured in July 2011, DBRS said.
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