Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Ryland Group Inc. > News item |
Fitch affirms Ryland
Fitch Ratings said it affirmed Ryland Group, Inc.'s issuer default rating and senior debt at BB.
The outlook is stable.
The ratings and outlook affirmation reflect the company's strong liquidity position and modestly stronger prospects for the housing sector this year, the agency said.
The ratings also reflect Ryland's successful execution of its business model, its conservative building practices, focus on entry-level and first-step trade-up customers, moderate financial policies, geographic and product line diversity, its capital structure and the still challenging U.S. housing environment, the agency said.
Recent macroeconomic housing statistics have been weak and disappointing, especially during the month of February, the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.