Fitch affirms Standard Pacific

Fitch Ratings said it affirmed Standard Pacific Corp.'s issuer default rating at B-, senior notes at B-/RR4 and senior subordinated notes at CC/RR6.

Fitch also assigned a B-/RR4 rating to the company's $210 million revolving credit facility.

The outlook is stable.

The rating and outlook is influenced by the company's execution of its business model, relatively aggressive land acquisition strategy, geographic and product line diversity, and healthy liquidity position, the agency said.

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