DBRS confirms H&R Block

DBRS said it confirmed H&R Block, Inc.'s BBB (high) issuer rating.

The trend remains positive.

Ratings consider Block's strong franchise and leading market position, its significant cash flow generating ability, the robust and predictable earnings generation power of the core tax preparation business and the low financial risk profile, according to the agency.

DBRS said it considers Block's ability to produce sizable revenues with a high level of predictability as a fundamental strength.

Ratings also consider the company's substantial reduction in its financial risk profile and renewed focus on its solid cash-flow generating, low-risk core tax business, the agency said.

© 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.