Moody's Raises Pulte Homes Outlook to Positive (PHM)
3/12/2010-Moody's Investors Service raised the outlook on its B1 rating of Pulte Homes (NYSE: PHM) to positive because its liquidity gives it considerable financial flexibility.
Moody's said Pulte's liquidity now allows it to comply with financial covenants with relative ease or operate without revolver financing.
A ratings upgrade is possible if the company turns profitable on a sustained basis and if its key credit metrics improve while still maintaining strong liquidity.
Write to Chip Brian at cbrian@tradethetrend.com
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