Fitch Downgrades Centex's IDR & Senior Unsecured to 'BBB'; Outlook to Negative.

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Fitch Downgrades Centex's IDR & Senior Unsecured to 'BBB'; Outlook to Negative.

NEW YORK -- Fitch Ratings has downgraded Centex Corp.'s (NYSE:CTX) ratings as follows:

--Issuer Default Rating (IDR) to 'BBB' from 'BBB+';

--Senior unsecured to 'BBB' from 'BBB+';

--Unsecure...

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