Fitch Solutions: Lennar’s CDS Still Sliding on U.S. Housing Worries
NEW YORK–(BUSINESS WIRE)–Further evidence of the stumbling U.S. housing market is evident in Lennar Corporation’s still-widening credit default swap (CDS) spreads and rising liquidity, according to Fitch Solutions in its latest earnings commentary. CDS on Lennar (reporting 2Q’11 earnings Thursday) have widened 24% over the past three months, underperforming the 7% widening observed for the …
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