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S&P ups some Oshkosh debt
Standard & Poor's said it revised the recovery rating on Oshkosh Corp.'s (B+ corporate credit rating) senior secured debt issues to 1 and raised the issue-level rating to BB from BB- and removed ratings on its senior secured debt issues from CreditWatch, where we placed them with positive implications on Feb. 23.
The actions reflect the company's completed $500 million senior unsecured notes offering and use of proceeds to repay some loans, according to the agency.
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