| 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 rates M/I Homes notes B
Standard & Poor’s said it assigned its B issue-level rating and 3 recovery rating to M/I Homes Inc.’s proposed offering of $350 million of unsecured senior notes due 2019 and 2022. The recovery rating of 3 indicates an expectation for a meaningful recovery (50% to 70%) if a default occurs.
The existing B/stable corporate credit rating on M/I Homes is unchanged.
The B corporate credit rating on M/I reflects S&P’s assessment of the company’s “weak” business risk profile based on the company’s larger relative presence in the Midwest markets, which S&P views as relatively soft.
© 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.