NEW YORK (Standard&Poor's) Feb. 6, 2014--Standard&Poor's Ratings Services assigned its 'BB+' rating to Oshkosh, Wisc.-based Oshkosh Corp.'s proposed $250 million senior unsecured notes. The recovery rating on the notes is '3', indicating our expectation for meaningful (50%-70%) recovery in the event of a payment default. Oshkosh intends to use the proceeds from the notes, along with available cash, to redeem its outstanding $250 million unsecured notes due 2017. The rating on Oshkosh reflect its "fair" business risk profile and "intermediate" financial risk profile. In December 2013, we raised our ratings on Oshkosh, including the corporate credit rating to 'BB+' from 'BB'. The upgrades reflected the company's good overall operating performance, including its improved profitability, and disciplined
