S&P rates Oshkosh Truck, loan BB

Standard & Poor's said it assigned its BB corporate credit rating to Oshkosh Truck Corp.

At the same time, S&P said it assigned its bank loan and recovery ratings to the company's proposed $3.5 billion senior secured credit facilities, noting that the facilities are rated BB with a recovery rating of 2.

The agency added that the ratings on Oshkosh reflect the company's aggressive financial profile, which more than offsets the company's leading business positions in key segments of the specialty vehicle market and satisfactory product and end market diversity.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.