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
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Product Type: Research Update
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