Fitch: KB Home view to stable

Fitch Ratings said it affirmed KB Home's issuer default rating at BB- and senior unsecured debt at BB-.

The outlook has been revised to stable from negative.

The ratings and outlook reflect the company's healthy liquidity position, improved operating results and moderately stronger prospects for the housing sector this year, Fitch said.

The ratings also reflect the successful execution of the company's business model, the agency said.

Also taken into account is the still challenging U.S. housing environment, Fitch added.

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