DBRS: H&R Block outlook stable

DBRS said it confirmed the ratings of H&R Block, Inc. and its subsidiaries, Block Financial LLC and H&R Block Canada, Inc., including its BBB (high) long-term ratings and R-2 (high) short-term ratings. Concurrently, the trend was revised to stable from positive.

The agency said that in confirming the ratings, it recognizes H&R Block's strong franchise and leading market position, its substantial cash flow generating ability, the sound earnings generation power of the core tax preparation business and the low financial risk profile.

However, DBRS said momentum in H&R Block's core businesses has stalled, making upward ratings migration less likely in the near term and resulting in the trend revision to stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.