Fitch affirms KB Home

Fitch Ratings affirmed KB Home's BB+ senior unsecured debt and BB- senior subordinated debt ratings.

The outlook is positive.

Fitch said the ratings reflect KB Home's solid, consistent profit performance in recent years and the expectation that the company's credit profile will continue to improve as it executes its business model and embarks on a new period of growth. The ratings also take into account the company's primary focus on entry-level and first-step trade-up housing, its conservative building practices and effective utilization of return on invested capital criteria as a key element of its operating model.

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