Moody’s rates Thomson Reuters notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Thomson Reuters Corp.’s proposed $500 million senior notes maturing 2026 that will be issued from the company's existing shelf registration.

The outlook is stable.

The proposed notes are unguaranteed and unsecured obligations of Thomson Reuters.

Net proceeds will be used for general corporate purposes, which will include repayment of the existing $500 million 0.875% senior global notes maturing May 23, 2016.

Moody’s said the Baa2 senior unsecured rating reflects the company’s sizable revenue and cash flow generated from No. 1 or No. 2 market positions providing information and workflow solutions built upon integrated content to business and professional customers in large global industries such as finance and law.

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