03.10.2016, 19:03
Fitch Affirms Lennar's IDR
OREANDA-NEWS. Fitch Ratings has affirmed the ratings of Lennar Corporation (NYSE: LEN), including the company's Issuer Default Rating (IDR), at 'BB+'. The Rating Outlook remains Positive. A complete list of rating actions follows at the end of this release.
The ratings for Lennar are based on the company's strong track record over the past 36-plus years, geographic diversity, customer and product focus, generally conservative building practices and effective utilization of return on invested capital criteria as a key element of its operating model. Additionally, there has been continuity in Lennar's management during this housing cycle and Fitch considers this management team to be the deepest among the public builders within its coverage.
The ratings for Lennar are based on the company's strong track record over the past 36-plus years, geographic diversity, customer and product focus, generally conservative building practices and effective utilization of return on invested capital criteria as a key element of its operating model. Additionally, there has been continuity in Lennar's management during this housing cycle and Fitch considers this management team to be the deepest among the public builders within its coverage.
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