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Fitch assigns ratings to PulteGroup

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Fitch assigns ratings to PulteGroup

Fitch Ratings assigned a BBB- long-term issuer default rating to PulteGroup Inc. and to the homebuilder's unsecured revolving credit facility and senior unsecured notes.

The ratings outlook is stable.

The rating agency said PulteGroup's credit metrics, including its net debt to capitalization ratio of 24.2% and total debt to operating EBITDA of 1.9x are stronger than its other BBB- rated peers, including Lennar Corp., Toll Brothers Inc. and M.D.C. Holdings Inc.