trending Market Intelligence /marketintelligence/en/news-insights/trending/1d6bE-4xYcdeD39rbkrj7g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P assigns issuer credit rating to Adams Homes

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


S&P assigns issuer credit rating to Adams Homes

S&P Global Ratings assigned a B issuer credit rating to Adams Homes Of Northwest Florida Inc., with a stable outlook.

The B rating reflects the company's relatively small scale and geographic concentration in the southeast U.S. and Florida, which risks greater EBITDA volatility compared to peers. This is offset by a moderate adjusted leverage of just under 4x EBITDA, providing cushion for some pressure at the current rating.

The stable outlook reflects the rating agency's expectation for adjusted leverage at slightly less than 3x EBITDA over the next year, as new home sales in the company's southeastern U.S. markets outpace flat sales nationwide. The outlook includes some margin for deterioration if demand for homes drops moderately in Florida and other markets in the region.

The ratings agency expects the company to maintain stronger credit ratios than typically associated with the rating while the housing industry remains relatively healthy and stable.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.