TEXT-Fitch upgrades Taylor Wimpey to 'BB-'
April 19, 2012 at 10:30 AM EDT
April 19 - Fitch Ratings has upgraded UK house builder Taylor Wimpey plc's (TW) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BB-' from 'B+'. Its Short-term IDR is affirmed at 'B'. The Outlook is Stable. "Taylor Wimpey is now predominantly focused on UK house building following the disposal of its North American business in the second quarter of 2011, focusing management attention on increasing margins and developing its strategic land bank for sustained medium term p