Kaufman & Broad: Fitch Ratings confirms 'BBB-' rating

(CercleFinance.com) - Fitch Ratings has confirmed the 'BBB-' investment grade rating with stable outlook of Kaufman & Broad SA: this rating has been constant since 2022.


Fitch Ratings, a US-based international rating agency, rates companies on a number of criteria, including the nature of the debt held, and the ability to carry out structural reforms.

For Fitch Ratings, the rating affirmation reflects Kaufman & Broad's strong commercial and financial profile, which has proven resilient during periods of weak demand.

Fitch also notes that the Gare d'Austerlitz project - the Company's largest non-residential project - is on schedule, demonstrating effective project management.

Finally, Fitch notes that Kaufman & Broad continues to maintain a positive net cash position, which comfortably covers all future debt maturities.


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