| Title: | Ryland Group Inc. Downgraded To 'BB+'; Outlook Remains Negative |
| Price: | $100.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services today lowered its corporate credit and unsecured debt ratings on The Ryland Group Inc. to 'BB+' from 'BBB-', affecting roughly $800 million in rated debt securities. The outlook remains negative. The downgrade reflects our expectations for continued, very weak housing market conditions, which we expect to continue pressuring earnings over the next year, as well as the company's relatively limited liquidity," said credit analyst Lisa Wright. "However, reasonable debt levels and minimal near-term maturities continue to support the lower ratings, as do the company's good geographic diversity, conservative operating strategy, and generally moderate financial policy." We anticipate that the deep and protracted housing market downturn will continue at |
| Brief Excerpt: | RESEARCH Ratings Definitions Ryland Group Inc. Downgraded To '##+'; Outlook Remains Negative Publication date: ##-May-#### Primary Credit Analyst: Lisa Wright, CPA, New York (#) ###-###-####; lisam_wright@standardandpoors.com Secondary... |
| Word Count: | 521 |
| Ticker: | RYL |
| Issuer: | Ryland Group Inc. (The) |
| GICS: | Homebuilding (25201030) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Corporations, Real Estate Companies, Homebuilders |
| Country: | United States |
| Region: | United States |
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