Article by Fitch Ratings

Severe US Housing Downturn Possible, but Not Yet Probable

Date:

Author: Funds Society, Miami

  1. US GDP growth, unemployment, consumer confidence and home affordability are key indicators that could cause us to lower our rating case projections if trends weaken beyond our expectations
  2. Fitch produced a downgrade case, which considers a stressed housing environment combined with poor operating performance and aggressive management behavior, which could lead to negative rating actions