S&P May Cut Beazer's Debt Ratings - Consumer Finance Hub

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Debt Research News

HOME :: RESEARCH :: DEBT :: NEWS:: AUG 2007
S&P May Cut Beazer's Debt Ratings

Standard & Poor's Ratings Services said Tuesday it may cut the "BB-" corporate credit and senior unsecured debt ratings of Beazer Homes USA Inc. further into junk status after the homebuilder said it was delaying third-quarter results due to accounting problems. The ratings agency said that its decision to place Beazer's debt on a "negative watch" also accounted for pending investigations by the Securities and Exchange Commission and the Attorney's Office in the Western District of North Carolina.

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