Bulletin: The New Home Co. Inc. Ratings Are Unaffected By Proposed $50 Million Add-On - S&P Global Ratings’ Credit Research

Bulletin: The New Home Co. Inc. Ratings Are Unaffected By Proposed $50 Million Add-On

Bulletin: The New Home Co. Inc. Ratings Are Unaffected By Proposed $50 Million Add-On - S&P Global Ratings’ Credit Research
Bulletin: The New Home Co. Inc. Ratings Are Unaffected By Proposed $50 Million Add-On
Published May 01, 2017
2 pages (886 words) — Published May 01, 2017
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) May 1, 2017--S&P Global Ratings today said its 'B-' issue-level rating and '3' recovery rating on The New Home Co. Inc.'s (B-/Stable/--) senior unsecured notes are unaffected by the company's proposed $50 million add-on. The '3' recovery rating reflects our expectation of meaningful (50%-70%; rounded estimate: 50%) recovery to debtholders in the event of default. All of our other ratings on The New Home Co. are unchanged. The New Home Co. is a homebuilder based in Orange County, Calif. focused on the design and construction of luxury homes.

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) May 1, 2017--S&P Global Ratings today said its 'B-' issue-level rating and '3' recovery rating on The New Home Co. Inc.'s (B-/Stable/--) senior unsecured notes are unaffected by the company's proposed $50 million add-on. The '3' recovery rating reflects our expectation of meaningful (50%-70%; rounded estimate: 50%) recovery to debtholders in the event of default. All of our other ratings on The New Home Co. are unchanged. The New Home Co. is a homebuilder based in Orange County, Calif. focused on the design and construction of luxury homes. Only a rating committee may determine a rating action and this report does not constitute a rating action....

  
Report Type:

Bulletin

Ticker
NWHM
Issuer
The New Home Company Inc
GICS
Homebuilding (25201030)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: The New Home Co. Inc. Ratings Are Unaffected By Proposed $50 Million Add-On" May 01, 2017. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-The-New-Home-Co-Inc-Ratings-Are-Unaffected-By-Proposed-50-Million-Add-On-1841230>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: The New Home Co. Inc. Ratings Are Unaffected By Proposed $50 Million Add-On May 01, 2017. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-The-New-Home-Co-Inc-Ratings-Are-Unaffected-By-Proposed-50-Million-Add-On-1841230>
  
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