CEO Donald Tomnitz
CEO Donald Tomnitz has been the chief executive officer of DR Horton since 1998. He is 57 years old. Follow Mr. Tomnitz and DR Horton in the news and blogs or share your own opinion about the company and its leadership.
S&P cuts D.R. Horton, Pulte debt into junk territory
What's that Stephen Kim of Citigroup? You admit you're a fncking moron?!!NEW YORK, Nov 2 (Reuters) - Standard & Poor's on Friday cuts its ratings on D.R. Horton Inc (DHI.N: Quote, Profile, Research) and Pulte Homes Inc (PHM.N: Quote, Profile, Research) into junk territory, citing the vulnerability of the home builders to the deteriorating housing market and macroeconomic conditions.
Both builders were cut one notch to "BB-plus," one level below investment grade, from "BBB-minus." The outlook for both companies is negative, indicating an additional cut is likely over the next two years.
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