Fitch Updates Recovery Analyses for U.S. Homebuilding and Building Materials Issuers

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published updated recovery analyses for the following U.S. Homebuilders and Building Materials companies:

Beazer Homes USA, Inc.
Hovnanian Enterprises, Inc.
M/I Homes, Inc.
Meritage Corp.
Standard Pacific Corp.
USG Corporation

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' Aug. 13, 2010;

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' Nov. 24, 2009;

--U.S. Homebuilding Industry - Recovery Rating Methodology, April 7, 2008.

Applicable Criteria and Related Research: U.S. Homebuilding and Building Materials Issuers' Recovery Models -- First-Quarter 2011

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646272

Corporate Rating Methodology - Amended

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=546646

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=628489

US Homebuilding Industry -- Recovery Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=381568

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