Johnson Controls Inc. Ratings Raised To 'BBB+' On Improved Credit Measures, Stabilizing End Markets; Outlook Positive Nov 10

Standard & Poors, November 2010

Abstract
Milwaukee, Wis.-based global auto supplier Johnson Controls Inc.'s revenues, operating margin, EBITDA, and cash flow generation improved year over year in fiscal 2010 (ended Sept. 30, 2010), indicating that the company's end markets have stabilized and that its aggressive restructuring initiatives are producing measurable results. We are revising our intermediate-term view of the company's profitability and cash flow prospects, although we are cautious about the pace of recovery in certain business segments. We are raising the corporate credit and issue-level ratings to 'BBB+' from 'BBB'. The outlook is positive. NEW YORK (Standard & Poor's) Nov. 5, 2010--Standard & Poor's Ratings Services today said it has raised its corporate credit and issue-level ratings on Johnson Controls Inc. (JCI) to 'BBB+' from...

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

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
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.

Customers who bought this item also bought

• Military Ground Robot Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• The Survey of Medical School Faculty: Earnings from Research and Technology Licensing and View of Technology Transfer Office
• Commercial Unmanned Aerial Systems (UAS): Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• Military Microgrids Market Potential
• Distance Learning - Global Outlook
• First Responder, Border Patrol, Homeland Security, Law Enforcement, and Security Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• Unmanned Aerial Systems (UAS): Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• Overconfidence and War. The Havoc and Glory of Positive Illusions
• Uncooled Infrared Imaging: Commercial & Military Applications 2012
• United Arab Emirates Defence and Security Report Q1 2012