U.S.-based homebuilder KB Home continues to generate solid EBITDA. Despite recently slowing revenue growth, the company is maintaining improved margins, while keeping its commitment to further reduce debt. On Jan. 29, 2019, S&P Global Ratings revised its outlook on KB Home to positive from stable and affirmed the 'BB-' issuer credit rating and issue-level rating on the company's senior unsecured notes. The recovery rating on the notes remains '3'. The positive outlook reflects our expectation that key financial measures should continue to improve at KB Home, though at a slower pace, as the company marks cycle highs for most metrics and faces slackening broader demand trends. The outlook revision primarily reflects strongly improved financial metrics, but which now appear to
