Research Update: Cummins Inc. Ratings Placed On CreditWatch Positive On Improving Economic Conditions Jun 11
- ID: 1834893
- June 2011
- Standard & Poors
U.S.-based engine maker Cummins Inc. is performing very well as result of improving economic conditions. We are placing our ratings, including the 'BBB+' corporate credit rating, on Cummins on CreditWatch with positive implications. After completing our review of Cummins' financial data and credit metrics from the current period, we could either raise or affirm our ratings on the company. On June 21, 2011, Standard & Poor's Ratings Services placed its ratings, including the 'BBB+' corporate credit rating, on Columbus, Ind.-based Cummins Inc. on CreditWatch with positive implications. The CreditWatch placement reflects our expectation that Cummins will continue to benefit from: The general economic rebound, especially in its global commodity end markets which are boosting their demand for engines; The company's...
Companies mentioned in this report are: Cummins Inc.,Caterpillar Inc.
Action: On CreditWatch:Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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