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Fitch withdraws KB Home's ratings

Fitch Ratings affirmed its long-term issuer default rating and senior unsecured long-term ratings of BB- and BB-/RR4, respectively, on KB Home, with a stable outlook.

The rating agency also withdrew its ratings on the homebuilder for commercial reasons.

Fitch said KB Home's size, geographic diversity, customer and product focus, and conservative building practices support the company's issuer default rating.