BULLETIN: Realogy Corp.'s Lower 2006 Earnings Guidance Does Not Affect Ratings May 06
- ID: 2047040
- May 2006
- Standard & Poors
NEW YORK (Standard & Poor's) May 30, 2006--Standard & Poor's Ratings Services said today that its ratings on Realogy Corp. (BBB/Stable/--) are not affected by the company's announcement that it had lowered its pro forma earnings guidance for 2006. The revision is based on the continued moderation in the U.S. residential real estate market as existing home sale activity is weaker-than-expected. Despite these trends, key credit protection measures and liquidity are expected to remain in line with the current ratings over the near to intermediate term. Standard & Poor's will monitor any future changes in long-term market trends and, if necessary, evaluate any potential effect on Realogy's outlook and/or ratings at that time. On Oct. 23, 2005, Cendant Corp. announced...
Companies mentioned in this report are:
- Realogy Group LLC
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Research type: News
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