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.

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