Last week, Beazer announced it was merging with Crossmann Communities, Inc., based in Indianapolis, IN. The cash and stock deal calls for Crossmann to merge into a wholly owned subsidiary of Beazer Homes.
Moody's has an implied senior rating of Ba2 on Beazer Homes. Standard & Poor's has a BB corporate credit rating on Beazer and maintained its "positive" ratings outlook for Beazer.
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