Summary: Shea Homes L.P. - S&P Global Ratings’ Credit Research

Summary: Shea Homes L.P.

Summary: Shea Homes L.P. - S&P Global Ratings’ Credit Research
Summary: Shea Homes L.P.
Published Sep 26, 2012
1998 words — Published Sep 26, 2012
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services' ratings and outlook on Shea Homes L.P. reflect the company's "aggressive" financial risk profile as marked by high debt leverage and low interest coverage metrics. We consider the company's business risk profile to be "weak," given the modestly improving, but still fragile homebuilding market. To a lesser extent, we also view the privately held company's limited transparency and lack of independent board oversight as a negative credit factor. We balance these factors against the extended debt maturity schedule and the company's relatively strong competitive position in many of its core markets. Walnut, Calif.-based Shea is a privately held company that ranks among the nation's 20-largest homebuilders. The company is very closely held by J.F. Shea

  
Brief Excerpt:

RESEARCH Summary: Shea Homes L.P. Publication date: 26-Sep-2012 Primary Credit Analyst: Matthew Lynam, CFA, New York (1) 212-438-8002; matthew_lynam@standardandpoors.com Secondary Contact: George A Skoufis, New York (1) 212-438-2608;...

  
Report Type:

Summary

Issuer
GICS
Homebuilding (25201030)
Sector
Global Issuers, Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Shea Homes L.P." Sep 26, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Shea-Homes-L-P-1016237>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Shea Homes L.P. Sep 26, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Shea-Homes-L-P-1016237>
  
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