Mar 26, 2008
Moody's Downgrades Hovnanian, Beazer Homes
“The downgrades reflect Hovnanian's ongoing losses, high debt leverage, elevated inventory levels, and cash flow generation that only recently turned positive.”
The housing sector wasn't just hit with poor new home sales data this morning. Moody's also smacked a pair of builders with downgrades. via SchaeffersResearch.com Daily Market Blog
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