(Reuters) - Moody's Investors Service on Wednesday changed its outlook
on Horton to negative from stable, indicating the company's
debt ratings may be lowered into junk territory over the next
12 to 18 months. For details, see [ID:nN06438137].
"Horton has a solid history of navigating through difficult
housing markets, and credit metrics appear to be holding up
well versus peers for the time being," analysts at Barclays
Capital said in a report. "Even so, the company is more reliant
than peers on the lower end of the housing market, where demand
could be most crimped by tighter lending standards across the
country."
Read more at Reuters.com Bonds News
on Horton to negative from stable, indicating the company's
debt ratings may be lowered into junk territory over the next
12 to 18 months. For details, see [ID:nN06438137].
"Horton has a solid history of navigating through difficult
housing markets, and credit metrics appear to be holding up
well versus peers for the time being," analysts at Barclays
Capital said in a report. "Even so, the company is more reliant
than peers on the lower end of the housing market, where demand
could be most crimped by tighter lending standards across the
country."
Read more at Reuters.com Bonds News
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