Standard & Poors Ratings Services lowered its ratings on Meritage Homes Corp to BB-, citing continued pressure on the US-based home builders primary homebuilding markets of Arizona, California, and Nevada.
S&P did say that Meritage’s near-term liquidity was currently adequate, but would weaken if market conditions did not begin to stabilize.
February 26, 2008 by Realtor John Wake
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John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
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