In January, Fitch Ratings assigned a 'BB+/RR4' rating to Lennar's proposed offering of $350 million in senior unsecured notes, which the company expected to use to help fund its acquisition of WCI Communities, which it completed in February, and to possibly repay debt. The notes, due 2022, were given a rating outlook of "positive." The ratings are in line with Lennar 's existing debt.