11:34 AM EDT, 05/15/2024 (MT Newswires) -- S&P Global Rating on Tuesday upgraded its issuer credit and unsecured debt ratings on Thomson Reuters ( TRI ) to "BBB+" from "BBB" on strong operating performance and conservative leverage.

The outlook is stable.

Also, the rating agency has revised the assessment of its business risk profile to strong from satisfactory.

"The stable outlook reflects our view that TR will maintain sustainable organic revenue growth and prudently allocate internally generated cash flow between acquisitions, dividends, and share buybacks such that its S&P Global Ratings-adjusted leverage will not exceed 3x," the agency noted.

Price: 229.50, Change: +0.42, Percent Change: +0.18