Fitch Ratings said Friday that it has affirmed the ratings for Meritage Homes Corp. (MTH), including the company's long-term IDR at 'B+'.
Fitch has also revised Meritage Homes' Rating Outlook to Positive from Stable.
Fitch said the ratings and Outlook for Meritage Homes are influenced by the company's execution of its business model, conservative land policies, geographic diversity and healthy liquidity position.
The Positive Outlook also takes into account Fitch's expectation of further moderate improvement in the housing market in 2013 and 2014, share gains by Meritage Homes and hence volume outperformance relative to industry trends as the market continues its shift to trade-up housing and much better profitability and sharply improved credit metrics.
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