S&P revises Oshkosh to positive

S&P said it revised its outlook on Oshkosh Corp. to positive from stable and affirmed all of its ratings, including the BB+ corporate credit rating.

"The outlook revision reflects the potential for an upgrade if the company maintains its good credit measures and continues to pursue a moderate financial policy, including an adjusted debt-to-EBITDA ratio of below 2.5x and a FFO-to-total adjusted debt ratio of more than 40%," S&P credit analyst Steven Mcdonald said in a news release.

"It also includes our revised base-case expectations, which incorporate our belief that Oshkosh has enhanced its ability to withstand cyclical pressures and that improving trends in its Access Equipment, Fire and Emergency, and Defense segments will provide it with additional opportunities to improve its profitability and credit measures."

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