24.08.2015 19:49:00
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Intuit Inc. -- Moody's says Intuit's asset sale plan is a negative credit development
New York, August 24, 2015 -- Moody's Investors Service ("Moody's) said it expects proceeds from Intuit Inc.'s (Baa1 stable, "Intuit") announced sale of its Quicken, Quick Base and DemandForce businesses will be returned to shareholders through share repurchases, so Moody's considers the plan a credit negative development.