Lennar's outlook now negative, was stable - Moody's

(Reuters) - Lennar, the No. 3 U.S. home builder, has been hurt by a
steep downturn in the housing market as climbing interest rates
and a crisis in the subprime mortgage area curb demand.




Moody's now rates Lennar's senior unsecured debt "Baa2,"
the second-lowest investment-grade rating.


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