Fitch affirms M/I Homes

Fitch Ratings said it affirmed M/I Homes, Inc.'s long-term issuer default rating at B, senior unsecured notes rating at B+ with a recovery rating of RR3 and series A non-cumulative perpetual preferred stock rating at CCC with a recovery rating of RR6.

The outlook is stable.

The ratings and outlook reflect the company's execution of its business model in the current housing environment, management's demonstrated ability to manage land and development spending, healthy liquidity position and better prospects for the housing sector this year, Fitch said.

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