Form 4 H&R BLOCK INC For: Jun 07 Filed by: Houseworth Jason
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S&P Lowers Outlook on H&R Block (HRB) to Negative; Notes Recent Weak Earnings Performance
June 10, 2016 2:47 PM EDTS&P Global Ratings revised its ratings outlook on H&R Block Inc. (NYSE: HRB) to negative from stable. At the same time we affirmed all ratings on the company, including the 'BBB' corporate credit rating and 'A-2' short term rating.
"The negative outlook reflects our downward revision to our performance forecast because of Block's weaker-than-anticipated earnings for the 2016 tax year, and our belief that the increasingly competitive tax preparation industry, as well as continuous shift in the industry from assisted tax filing to DIY services, will continue to weigh on the... More
