Johnson Controls Inc. Outlook Revised To Positive On Improved Profitability Prospects; 'BBB' Rating Affirmed Feb 10

Standard & Poors, February 2010

Abstract
Milwaukee-Wis.-based global auto supplier Johnson Controls Inc.'s financial performance is benefiting from higher revenues and aggressive restructuring initiatives undertaken during the economic downturn. We have revised upward our intermediate-term view of the company's profitability prospects, although we are cautious about the pace of recovery in certain business segments. We are revising the outlook on JCI to positive from stable and affirming the 'BBB' corporate credit rating on the company. NEW YORK (Standard & Poor's) Feb. 19, 2010--Standard & Poor's Ratings Services today said it has revised its outlook on Johnson Controls Inc. (JCI) to positive from stable and affirmed the ratings, including the 'BBB' corporate credit rating. "The outlook revision reflects our view that the company's intermediate-term financial prospects could...

Companies mentioned in this report are: Johnson Controls Inc.
Action: Affirmed
Action: Outlook: Positive

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Johnson Controls Inc.

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