TEXT-Fitch ups Standard Pacific's IDR to 'B';outlook to positive

Dec 20 - Fitch Ratings has upgraded the Issuer Default Rating (IDR) of Standard Pacific Corp. (NYSE: SPF) to 'B' from 'B-'. Fitch has also revised SPF's Rating Outlook to Positive from Stable. A complete list of rating actions follows at the end of this release.
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