Moody's rates Ryland notes B1

Moody's Investors Service said it assigned a B1 rating to the proposed $250 million senior unsecured notes due 2022 of Ryland Group, Inc.

In the same rating action, Moody's said it affirmed the company's B1 corporate family and probability of default ratings, B1 rating for its existing senior unsecured notes and convertible senior notes, provisional B1 senior unsecured shelf rating and SGL-2 speculative grade liquidity assessment.

The outlook is stable.

Proceeds will be used for general corporate purposes, including potential repayment of the existing debt.

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