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Fitch Cites Success of Spec Building Strategy in Upgrade of DR Horton 

Jul 06, 2010By

Fitch Ratings upgraded its outlook for DR Horton [stock DHI][/stock], reflecting the Fort Worth, Texas-based homebuilder’s strong liquidity position, improved operating results and moderately stronger prospects for the housing sector this year. Fitch Ratings upgraded its outlook for DR Horton to stable from negative, and affirmed the builder’s issuer default rating, senior unsecured debt and senior unsecured convertible notes all at double-B.

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