Fitch: Stable outlook for Thomson Reuters

Fitch Ratings said it affirmed the BBB+ long-term issuer default rating and senior unsecured issue ratings of Thomson Reuters Corp. and the company's F2 short-term issuer default rating and commercial-paper ratings.

Fitch said it removed the ratings from Rating Watch negative and assigned a stable outlook.

The action follows the Oct. 1 closing of Thomson Reuters's announced sale of 55% of its financial and risk segment (Refinitiv) to an investment consortium comprising private equity funds managed by Blackstone, Canada Pension Plan Investment Board and GIC, Fitch explained.

The transaction values Refinitiv at about $20 billion, the agency said.

Thomson Reuters will receive gross proceeds of about $17 billion and retain a 45% interest in Refinitiv, Fitch said.

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