NY -- Standard & Poor's CreditWire 10/10/97 -- Standard & Poor's today assigned its double-'B' rating to Kaufman & Broad Home Corp.'s (KBH) $175 million 7.75% senior notes due 2004. The outstanding double-'B' corporate credit and senior debt ratings on the company were affirmed. The ratings outlook remains stable. KBH's ratings are supported by a sound business position and an improving financial profile. Proceeds from this financing will be used to repay outstandings under the company's unsecured revolver. KBH is the largest homebuilder in California and ranks among the largest five homebuilders nationally. With operating divisions in nine western states, KBH's overall homebuilding performance is currently benefiting from: -- Modest, although somewhat uneven, improvements within its recovering California markets, --
