Moody's affirms Oshkosh

Moody's Investors Service said it affirmed the ratings of Oshkosh Corp.: corporate family and probability of default ratings at Ba3 and senior secured bank credit facility at Ba3.

The company's speculative-grade liquidity rating remains SGL-2 while in a related rating action, Moody's said it changed Oshkosh's outlook to negative from stable.

The agency said that this rating action results from the ongoing pressures that Oshkosh faces due to the continued weakening of the U.S. and Western European economies and the resulting deterioration in operating performance on the company's access equipment and commercial segments.

The Ba3 corporate family rating reflects Moody's view that Oshkosh's credit metrics have been generally in line with expectations following the JLG acquisition.

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