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S&P Credit Research1175 word report
published Jun 18, 2008
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$175.00 available for immediate download
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S&P Credit Research
| Abstract: | On June 18, 2008, Standard&Poor's Ratings Services assigned its 'A-' debt rating to New York-based Thomson Reuters Corp.'s US$1.75 billion notes issued in two tranches: US$750 million 5.95% senior unsecured notes due July 15, 2013, and US$1 billion 6.50% senior unsecured notes due July 15, 2018. At the same time, we affirmed all other ratings, including the 'A-' long-term corporate credit rating on the company. The outlook is negative. Proceeds from the bond issues will be used to repay a portion of the bridge facility that helped finance the U.K.-based Reuters Group Ltd. acquisition on April 17. Upon completion of the Reuters transaction, The Thomson Corp. was renamed Thomson Reuters Corp. and Thomson Reuters PLC under a dual
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Thomson Reuters Corp.'s US$1.75B Notes Assigned 'A-' Rating; Ratings Affirmed Publication date: 18-Jun-2008 Primary Credit Analyst: Lori Harris, Toronto (1) 416-507-2546; lori_harris@standardandpoors.com...
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| Report Type: | Research Update
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| Ticker: | TOC@CN
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| Issuer: | Thomson Reuters Corp.
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| GICS: | Publishing (25401040)
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| Sector: | Corporations, Global Issuers, Media & Entertainment
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| Country: | Canada
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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