S&P Ratings Downgraded Toll Brothers to Junk Status

June 27, 2011

Standard & Poor's Ratings Services downgraded Toll Brothers' NYSE:TOL) credit ratings one notch into junk territory today, citing a weak spring selling season.The move comes after the Ratings agency lowered its expectations for the U.S. housing industry as a whole.Analysts said they think Toll Brothers has enough liquidity to weather another year or two of housing weakness while still investing for the future.S&P's rating for toll stands at BB+, the highest "junk" rating. The outlook for the company is stable.Shares of Toll Brothers are trading up 0.66% at $20.75.