Fitch revises M/I Homes to positive

Fitch Ratings said it affirmed the ratings of M/I Homes, Inc., including its issuer default rating at B+, and revised the outlook to positive from stable.

Fitch said the positive outlook reflects its expectation that M/I Homes will continue to improve its credit metrics and maintain a solid liquidity position in this modestly improving housing market. The company has also enhanced its credit profile, recently expanding into new markets and controlling about 55% of its land holdings through options.

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