Leading positions in niche market sectors; and Satisfactory customer and industry diversity. Continued weaker prospects for the company's defense segment; Exposure to the cyclical end markets; and A significant financial risk profile. The ratings on Oshkosh Wis.-based specialty vehicle maker Oshkosh Corp. reflect the company's "satisfactory" business risk profile and its "significant" financial risk profile. The positive outlook reflects the potential for an upgrade if the company maintains its good credit measures and continues to pursue a moderate financial policy, including targeted reported debt to EBITDA of 1x-2x, despite challenging circumstances in some of its segments. Standard&Poor's Ratings Services expects the company's fire and emergency unit will continue to suffer from weak municipal spending this year while the
