| Title: | H&R Block Inc. Placed On CreditWatch Positive |
| Price: | $100.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 2, 2008--Standard&Poor's Ratings Services said today that it placed its ratings on H&R Block Inc., including its 'BBB-' long-term counterparty credit rating, on CreditWatch with positive implications. This rating action also applies to Block Financial LLC, a wholly owned subsidiary. "The CreditWatch listing is based on the momentum H&R Block has achieved by successfully exiting the subprime mortgage business. Changes in corporate governance have resulted in renewed management focus on H&R Block's core tax operations. The company's liquidity position has also been improved; the reduction in short-term obligations has reduced leverage and improved the term structure of the company's liabilities," said Standard&Poor's credit analyst Rian M. Pressman, CFA. On May |
| Brief Excerpt: | RESEARCH Ratings Definitions H&R Block Inc. Placed On CreditWatch Positive Publication date: ##-May-#### Primary Credit Analyst: Rian M Pressman, CFA, New York (#) ###-###-####; rian_pressman@standardandpoors.com Secondary Credit... |
| Word Count: | 747 |
| Ticker: | HRB |
| Issuer: | H&R Block Inc. |
| GICS: | Specialized Consumer Services (25302020) |
| Sector: | Global Issuers, Structured Finance, Financial Institutions, Residential MBS |
| Country: | United States |
| Region: | United States |
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