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S&P lifts H&R Block
Standard & Poor's said it raised H&R Block Inc.'s counterparty credit rating to BBB/A-2 from BBB-/A-3. Ratings were removed from CreditWatch positive, where they were placed May 2.
The outlook is positive.
S&P said the upgrade reflects the positive changes made at Block during the past year, including the exit from the mortgage business, renewed focus on core business lines and an improved liquidity position.
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