Summary: Oshkosh Corp. Feb 12
Standard & Poors, February 2012
Abstract
The rating on Oshkosh, Wis.-based Oshkosh Corp. reflects the company's "significant" financial risk profile as we define the term, which more than offsets its "satisfactory" business risk profile. We expect Oshkosh to maintain its leading positions in key segments of the cyclical specialty vehicle market--such as being the No. 1 global provider of aerial work platforms–-and its good product and end-market diversity, which its four reporting segments prove. . Standard & Poor's Ratings Services expects that the performance of Oshkosh's access equipment and commercial segments will improve significantly (more than 20% on a combined basis) in 2012 from low levels, as replacement demand and a slow global economic recovery play out. We expect this to partly offset lower sales and...
Companies mentioned in this report are:
- Oshkosh Corp.
Action: Review
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Oshkosh Corp.
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