Business Services Industry

Fitch Assigns 'BB+' to Hovnanian Enterprises' $300MM Sr Debt Issue

Business Wire, August 2, 2005

> Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

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