Standard & Poor's Ratings Services revised its outlook onD.R. Horton Inc. to positivefrom stable.
The move reflects S&P's expectations that the homebuilderwill continue to benefit from an improving housing market over the coming year.It expects the company to grow revenues and improve EBITDA such that gross debt-to-EBITDAfalls below 2x, where it is expected to remain.
S&P also affirmed D.R. Horton's BB+ corporate credit rating.
S&P Ratings and S&PGlobal Market Intelligence are owned by S&P Global Inc.