Kaufman & Broad SA: FITCH RATING CONFIRMS KAUFMAN & BROAD'S RATING
Kaufman Broad SA Press release Paris, September 28h, 2023
FITCH Rating CONFIRMS KAUFMAN BROAD'S RATING
The agency Fitch Rating has just confirmed Kaufman Broad S.A.'s “investment grade” rating – “BBB -“ with a stable outlook.
Fitch Rating refers in particular to the robust profile of its business model, based on a strict premarketing policy and a high level of operating cash flow favored by a controlled working capital requirement throughout the development phase of the projects.
Kaufman Broad is currently the only pure homebuilder in Europe with an Investment grade rating. Fitch's confirmation of this rating in a difficult environment highlights the strength of the group's financial structure and its ability to structurally generate substantial cash flows
This press release is available at corporate.kaufmanbroad.fr
Regulatory filing PDF file File: Kaufman & Broad SA : FITCH RATING CONFIRMS KAUFMAN & BROAD'S RATING |
1737413 28-Sep-2023 CET/CEST