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Moody's upgrades Intuit senior unsecured to A3; outlook stable

Moody's Investors Service ("Moody's") upgraded Intuit Inc.'s ("Intuit") senior unsecured rating to A3 from Baa1. The rating outlook was revised to stable from positive. RATINGS RATIONALE "As tools and services are added to the TurboTax consumer and QuickB...
Underlying
Intuit Inc.

Intuit delivers financial management and compliance products and services to consumers, small businesses, the self-employed, and accounting professionals. The company has three segments: Small Business & Self-Employed, which provides QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses; Consumer, which includes do-it-yourself and assisted TurboTax income tax preparation products and services sold in the U.S. and Canada; and Strategic Partner, which provides professional tax offerings including Lacerte, ProSeries, ProFile, and ProConnect Tax Online.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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