NY -- Standard & Poor's CreditWire 7/2/98 û Standard & Poor's today assigned its double-'B'-minus rating to Kaufman & Broad Home Corp.'s (KBH) $155 million 8.25% preferred stock income PRIDES. In addition, Standard & Poor's raised its ratings on KBH's $175 million 7.75% senior unsecured notes due 2004 to double-'B'-plus from double-'B'. Standard & Poor's also raised its rating on KBH's $124.4 million 9.63% senior subordinated notes and $173.9 million 9.38% senior subordinated notes to double-'B'-minus from single-'B'-plus. The outlook is stable. The upgrade reflects KBH's strengthened financial profile and much improved business fundamentals, which have benefited from a successful operational and financial restructuring initiated several years ago. Proceeds from the new securities issue (which is known as a 'feline
