trending Market Intelligence /marketintelligence/en/news-insights/trending/vIx2GQ1JNquFj1SgVkkjUA2 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.

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

  • Enter verification Code here*

* Required

In This List

Moody's affirms M/I Homes ratings

Credit Analytics Case Study Poundworld Retail Ltd


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

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

Moody's affirms M/I Homes ratings

Moody's affirmed M/I Homes Inc.'s B1 corporate family rating, B1-PD probability of default rating and B1 senior unsecured regular bond/debenture rating.

The ratings outlook is stable.

The rating agency based the homebuilder's corporate family rating on its market position in key geographic markets; stable balance sheet management and conservative financial policies; and focus on first-time product for about one-third of the business.

However, it is limited in part by Moody's view that the homebuilding industry's gross margins will be challenged due to increasing costs of land, labor and material, among other factors.

The agency is of the opinion that the liquidity profile of M/I Homes will be good over the next 12 to 18 months due to the remaining availability on its $500 million unsecured revolving credit facility, strong compliance cushion under the credit agreement's financial covenants, and access to alternate liquidity from land supply and unsecured capital structure.

The stable outlook factors in the agency's expectation that M/I Homes will benefit from strong operating fundamentals in the homebuilding segment.