| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for M/I Homes, Inc. > News item |
S&P lowers M/I Homes
Standard & Poor's said it lowered the corporate credit and senior unsecured ratings on M/I Homes Inc. to B from B+ and on its 9¾% preferred stock to C from CCC+.
The outlook remains negative (see list).
S&P said the downgrade follows a weaker-than-expected second quarter and reflects anticipated further operating pressure amid very challenging conditions in the company's Mid-Atlantic and Florida markets.
The issuer's total debt-to-EBITDA ratio is about 15 times.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.