Hovnanian Enterprises Announces Credit Rating Upgrade From S&P Global Ratings

MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that S&P Global Ratings ("S&P") has upgraded Hovnanian's issuer credit rating to 'B' from 'B-' citing better than expected debt leverage, sustained community count growth, steady demand in home sales and a focus on cash flow management, which will allow the company to grow the business through internally generated cash flows as contributing factors in a press release issue ...