trending Market Intelligence /marketintelligence/en/news-insights/trending/EB6kXc5iPj226PpinWHDHw2 content esgSubNav
In This List

Fitch affirms NVR ratings

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Fitch affirms NVR ratings

Fitch Ratings affirmed its BBB+ ratings on homebuilder NVR Inc., with a stable outlook.

The affirmation pertains to the company's long-term issuer default rating and long-term senior unsecured rating, among other ratings.

The rating agency said the ratings factor in, among other things, the homebuilder's solid credit metrics and its free-cash-flow generation that stems from its unique operating model.

Fitch added that NVR's land-light strategy via rolling options contracts provides it with the "best capacity to withstand a meaningful housing downturn" among its peers.