Kaufman & Broad's "Investment Grade" rating confirmed

Kaufman & Broad has had its "Investment Grade" rating confirmed by Fitch Ratings for the fifth consecutive year. Rated "BBB-" with a stable outlook, this assessment underscores the company's financial strength in a challenging French real estate market. The company continues to focus on building residential homes in major French urban areas, maintaining a gross margin of 19.5% by 2025.

Fitch highlights Kaufman & Broad's prudent management, characterized by limited working capital requirements and a positive net cash position. The recent debt-free status, following the repayment of a bond, provides flexibility to ramp up future operations despite uncertainties in the property market.