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KB Home credit rating affirmed at Fitch

Oct. 05, 2016 4:16 PM ETKB Home (KBH) StockBy: Stephen Alpher, SA News Editor
  • The company's long-term issuer default rating is affirmed at B+, with Stable outlook.
  • Fitch notes KB Home (NYSE:KBH) was somewhat conservative in committing to land buys early in the housing recovery, and has accelerated spending in the last two years. The company shouldn't become stressed as long as it maintains minimum return parameters for land purchases.
  • While credit metrics have improved in the last few years, they remain generally weak, says Fitch. Thus the speculative grade.

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