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Johnson Controls Inc. Outlook Revised To Positive On Improved Profitability Prospects; 'BBB' Rating Affirmed Feb 10
Standard & Poors, February 2010
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: Outlook: 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.
Research type: News
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Johnson Controls Inc.