Fitch lifts KB Home to stable

Fitch Ratings said it affirmed KB Home's issuer default rating at B+ and senior unsecured rating at B+ with a recovery rating of RR4.

The outlook also was revised to stable from negative.

The outlook change largely reflects the 2012 housing recovery, Fitch said. Although moderate, it is clearly stronger than anticipated in 2011, the agency said.

The stable outlook also considers the company's operating and financial comparisons so far in 2012, which are much improved, Fitch said.

But, the company does continue to lag its peers in certain operational and financial categories, the agency said.

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