S&P affirms Toll Brothers

Standard & Poor's said it affirmed Toll Brothers Inc. and its wholly owned subsidiary Toll Brothers Finance Corp.'s BBB- corporate credit rating.

The outlook is negative.

"The ratings on Toll Brothers reflect the company's leading market position and national brand in the luxury homebuilding segment," S&P analyst James Fielding said in a statement. "In our opinion, Toll Brothers' credit quality also benefits from its solid liquidity position and appropriately leveraged balance sheet."

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