Fitch affirms Ryland

Fitch Ratings said it affirmed Ryland Group, Inc.'s ratings as follows: issuer default rating at BBB-, senior unsecured BBB- and unsecured bank credit facility BBB-.

Fitch said it has also revised Ryland's outlook to negative from stable.

The negative outlook for Ryland reflects a more challenging outlook for homebuilders during the balance of calendar 2007, largely due to disruptions and tightening of standards in the mortgage market, and probable future weakening in the housing market in 2008, the agency noted.

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