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Published on 5/3/2012 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Preferred Stock Daily.

S&P: M/I Homes unchanged

Standard & Poor's said the B- ratings and negative outlook on M/I Homes Inc. remain unchanged following the company's recent $25 million senior unsecured note add-on.

The recovery rating on the notes is 4, indicating 30% to 50% expected recovery in a default.

The proceeds from the add-on will be used to bolster liquidity, the agency said.


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