...NEW YORK (Standard & Poor's) Feb. 17, 2015--Standard & Poor's Ratings Services today assigned its '##+' rating to Oshkosh, Wisc.-based Oshkosh Corp.'s proposed $250 million senior unsecured notes due 2025. The recovery rating on the notes is '4', indicating our expectation for average (30% to 50%) recovery in the event of a payment default. Our recovery expectations are in the lower half of the 30% to 50% range. Oshkosh intends to use the proceeds from the notes, along with available cash, to redeem its outstanding $250 million unsecured notes due 2020. Our '##+' corporate credit rating and stable outlook on Oshkosh Corp. remain unchanged. The corporate credit rating on Oshkosh reflects its "fair" business risk profile and "intermediate" financial risk profile. The "fair" business risk profile reflects the company's market-leading positions in most end markets, its good scale and scope, as well as our view that its profitability is volatile and relatively low for a company in the capital...
