| Title: | Toll Bros. Outlook Revised To Negative As Tough Market Conditions Exacerbate Earnings Pressure |
| 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 revised its outlook on Toll Bros. Inc. to negative from stable. Concurrently, we affirmed our 'BBB-' corporate credit ratings on Toll Bros. and its subsidiaries and our ratings on roughly $1.5 billion of the company's senior unsecured and subordinated debt. "The outlook revision anticipates further earnings pressure, as the difficult conditions in many of Toll's luxury housing markets will continue to suppress sales volume and may necessitate more aggressive incentives and pricing concessions," said Standard&Poor's credit analyst James Fielding. "We also recognize the potential for capital calls related to Toll's joint-venture obligations, but that being said, the rating affirmations acknowledge that the company has maintained |
| Brief Excerpt: | RESEARCH Ratings Definitions Toll Bros. Outlook Revised To Negative As Tough Market Conditions Exacerbate Earnings Pressure Publication date: ##-May-#### Primary Credit Analyst: James Fielding, New York (#) ###-###-####; james_fielding@standardandpoors.... |
| Word Count: | 577 |
| Ticker: | TOL |
| Issuer: | Toll Brothers Inc. |
| GICS: | Homebuilding (25201030) |
| Sector: | Global Issuers, Structured Finance, Corporations, Asset-Backed Securities, Real Estate Companies, Homebuilders |
| Country: | United States |
| Region: | United States |
| Format: | 
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