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Published on 3/3/2010 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

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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