Moody's Raises Pulte Homes Outlook to Positive (PHM)
Friday, March 12, 2010 - 11:36
Written on Fri, 03/12/2010 - 11:36am
By Chip Brian

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.

Keywords: pulte homes outlook Moody's Stock smartrend

Ticker(s): PHM

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