Leading positions within niche market sectors Good and improving cost structure Satisfactory customer and industry diversity Moderate financial policy Acquisitive, although rating incorporates room for a meaningful transaction Exposure to the cyclical construction and commercial refuse markets Moderate amount of operating leverage The ratings on Oshkosh Truck Corp. reflect the company's leading business positions in niche segments of the specialty truck markets, a moderately aggressive financial policy, and aggressive business objectives. The Oshkosh, Wis.-based company is a leading designer, manufacturer, and marketer of a broad range of specialty commercial, fire, and emergency apparatus, and military trucks. Products include custom and commercial pumpers, severe-duty plow and snow-removal vehicles, concrete mixers, refuse truck bodies, heavy-duty rescue vehicles, and severe-duty tactical trucks. Typically,
