Close
SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Moody's upgrades ratings on Intuit
[June 04, 2010]

Moody's upgrades ratings on Intuit

(Associated Press Via Acquire Media NewsEdge) NEW YORK -- Moody's Investors Service on Friday upgraded its senior unsecured debt rating on software maker Intuit Inc. based on the company's strong performance during the economic downturn.

Moody's said Intuit, which makes Turbo Tax software, successfully retained its leadership position in the consumer tax and small business financial software market during the recession.

Moody's raised Intuit's senior unsecured debt rating one notch to "Baa1" from "Baa2." Both are medium grade. The ratings outlook is stable.

Shares fell 93 cents, or 2.5 percent, to $35.94 during midday trading amid a broader market slump.

(c) 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[ Back To TMCnet.com's Homepage ]






LATEST VIDEOS

DOWNLOAD CENTER

UPCOMING WEBINARS

MOST POPULAR STORIES





Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.