09.10.2013 19:50:00
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H&R Block, Inc. -- Moody's says the cancellation of H&R Block's planned bank deposit sale to Republic is a credit negative development
New York, October 09, 2013 -- Moody's Investors Service (Moody's) believes that Block Financial LLC (together with H&R Block, Inc. and subsidiaries, "Block", Baa2 stable) remains motivated to sell the bank, and the terms of a deal they will eventually reach with another buyer will be less favorable than the now-terminated deal with subsidiaries of Republic Bancorp Inc.