Beazer Homes Debt Ratings Re-Affirmed by Moody's Investors Service And Standard & Poor's
Moody's has an implied senior rating of Ba2 on Beazer Homes. Standard & Poor's has a BB- corporate credit rating on Beazer and maintained its "positive" ratings outlook for Beazer.
David S. Weiss, Executive Vice President and Chief Financial Officer, said, "While still providing accretion to Beazer shareholders, we have structured the acquisition of Crossmann to maintain the same conservative balance sheet and strong credit statistics that have always characterized Beazer's financial statements. We are extremely proud that the rating agencies have recognized our commitment to maintaining a strong financial position while still growing our business."
Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Florida, Georgia, Maryland, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title insurance services to its homebuyers.
SOURCE Beazer Homes USA , Inc.
CONTACT: David S. Weiss, Executive Vice President and Chief Financial Officer of Beazer Homes USA, Inc., +1-404-250-3420, or dweiss@beazer.com