A number of publicly-traded home builders have been downgraded by Fitch Ratings this week, in response to one of the worst years for new home sales ever recorded. KB Home were one of the companies to receive a downgraded issuer default rating, dropping from B+ to BB-, said HousingWire. The company was over-exposed to struggling
Homebuilders Downgraded by Fitch
September 15, 2011 by Mike Wheatley
Filed Under: Home Builders/Developer's, Real Estate, US Real Estate Tagged With: Beazer Homes USA, downgraded, Fitch, home builders, homebuilders, IDR at Ryland Group, issuer default rating, KB Homes, liquidity, Toll Bros
