Moody's: Block Financial outlook negative

Moody's Investors Service said it revised the outlook for Block Financial LLC to negative from stable.

All ratings, including the Baa2 long-term rating and Prime-2 short term rating, were affirmed.

Block Financial is the principal subsidiary of publicly traded H&R Block, Inc. and the issuer of Block's debt and bank facility.

"The negative outlook reflects our expectation for further revenue and profitability pressure," Moody's vice president and senior analyst Edmond DeForest said in a news release.

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