Fitch Affirms Hovnanian's IDR at 'B-'; Off Watch Negative.

Business Wire (March 14, 2008)


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Headnotes:

Extract:

Fitch Affirms Hovnanian's IDR at 'B-'; Off Watch Negative.

NEW YORK -- Fitch Ratings has affirmed the following ratings on Hovnanian Enterprises, Inc. (NYSE: HOV):

--IDR at 'B-';

--Senior unsecured notes at 'B-/RR4';

--Senior subordinated notes at 'CCC/RR6';...



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