Standard & Poor’s Lowers Its Outlook on Reuters’ Debt

Standard & Poor’s has revised its outlook on Reuters from stable to negative, although it has affirmed its investment-grade credit ratings.

The change followed a review of Reuters’ operating performance. Trevor Pritchard, a credit analyst at S&P in London, says, "The change in outlook was due to a combination of factors, including restructuring costs and the fact that the core investment banking business is suffering." He adds, "Reuters’ Instinet subsidiary has also experienced a very difficult