S&P upgrades its outlook on Lennar (LEN -1.9%) to positive from stable and affirms its...

|About: Lennar Corporation (LEN)|By:, SA News Editor

S&P upgrades its outlook on Lennar (LEN -1.9%) to positive from stable and affirms its rating on the home builder at "B+." S&P expects "higher revenues and improved profitability over the next 12-to-18 months." Lennar today unveiled a tender offer for up to $267.7M in senior notes due in 2013, contingent on the company completing a $300M offering of 5-year senior notes.