Home Credit Ratings and Research S&P Global Ratings’ Credit Research Oshkosh Corp.

Oshkosh Corp. 'BB' Rating Placed On CreditWatch Negative After Icahn Proposes To Buy Company

Published Oct 12, 2012

About This Report

Abstract:

Carl Icahn has offered to buy all the outstanding shares of specialty vehicle manufacturer Oshkosh Corp. for $32.50 per share. We are placing our ratings on Oshkosh, including the 'BB' corporate credit rating, on CreditWatch with negative implications. We will resolve the CreditWatch listing when more information regarding the proposed transaction becomes available. We will then assess Oshkosh's financial policy and the impact of any potential transaction on its capital structure. NEW YORK (Standard&Poor's) Oct. 12, 2012--Standard&Poor's Ratings Services said today that it placed its ratings on Oshkosh, Wis.-based Oshkosh Corp., including the 'BB' corporate credit rating, on CreditWatch with negative implications. "The CreditWatch placement reflects uncertainty regarding the leverage profile for Oshkosh and its strategic

Report Type:

Ratings Action

Ticker

OSK

Issuer

Oshkosh Corp.

GICS

Construction & Farm Machinery & Heavy Trucks (20106010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Summary: Oshkosh Corp. – 2012/11/19 – US$ 225.00

Oshkosh Corp. 'BB' Rating Affirmed, Removed From CreditWatch Negative After Icahn Pulls Tender Offer – 2012/12/04 – US$ 150.00

Research Update: Oshkosh Corp. 'BB' Rating Affirmed, Removed From CreditWatch Negative After Icahn Pulls Tender Offer – 2012/12/04 – US$ 225.00

Oshkosh Corp. Outlook Revised To Positive On Sustained Solid Credit Measures; 'BB' Rating Affirmed – 2013/01/02 – US$ 150.00

Research Update: Oshkosh Corp. Outlook Revised To Positive On Sustained Solid Credit Measures; 'BB' Rating Affirmed – 2013/01/02 – US$ 225.00

Research Update: Oshkosh Corp. 'BB' Rating Placed On CreditWatch Negative After Icahn Proposes To Buy Company – 2012/10/12 – US$ 225.00

Summary: Oshkosh Corp. – 2012/08/06 – US$ 225.00

Oshkosh Corp. – 2012/02/08 – US$ 500.00

Summary: Oshkosh Corp. – 2012/02/08 – US$ 225.00

Summary: Oshkosh Corp. – 2011/11/04 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Oshkosh Corp. 'BB' Rating Placed On CreditWatch Negative After Icahn Proposes To Buy Company" Oct 12, 2012. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oshkosh-Corp-BB-Rating-Placed-On-CreditWatch-Negative-After-Icahn-Proposes-To-Buy-Company-1023058>

APA:	S&P Global Ratings’ Credit Research. (). Oshkosh Corp. 'BB' Rating Placed On CreditWatch Negative After Icahn Proposes To Buy Company Oct 12, 2012. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oshkosh-Corp-BB-Rating-Placed-On-CreditWatch-Negative-After-Icahn-Proposes-To-Buy-Company-1023058>

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