Hovnanian Enterprises announced that Moody’s Ratings has upgraded Hovnanian’s corporate family rating to B2 from B3. In a press release issued on June 24, 2024, Moody’s cited an improvement in the company’s leverage profile through solid operating performance and growth in net worth, as well as through the recently completed debt exchange transaction. Moody’s outlook for Hovnanian remains stable.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOV:
- Hovnanian Enterprises Announces Credit Rating Upgrade From Moody’s Ratings
- Hovnanian Enterprises Announces Credit Rating Upgrade From S&P Global Ratings
- Hovnanian Enterprises to Present at Sidoti Virtual Investor Conference
- Hovnanian upgraded to Neutral from Underperform at Zelman
- Hovnanian falls -13.4%