S&P revises TRI Pointe view to negative

S&P said it revised the outlook for TRI Pointe Group Inc. to negative from stable and affirmed the BB- ratings on the company and its senior unsecured notes.

“The negative outlook reflects our expectation that debt to EBITDA will increase sharply in 2020, to about 4.7x, as weakening recent profit trends in 2019 are further affected by Covid-19,” said S&P in a press release.

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