S&P rates Intuit notes A-

S&P said it assigned an A- rating to Intuit Inc.’s planned $4 billion of senior unsecured notes.

The agency affirmed the company’s A- ratings on Sept. 20, 2021.

Intuit plans to use the proceeds with balance sheet cash to repay its term loan in full.

“We view this as a leverage-neutral transaction with no meaningful impact to the company's credit metrics,” S&P said in a press release.

The outlook is stable.

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