NEW YORK (Standard&Poor's) Jan. 26, 2004--Standard&Poor's Ratings Services said today that it affirmed its 'BBB-' corporate credit and senior secured debt ratings on Oshkosh Truck Corp. At the same time, the outlook was revised to positive from stable. At Dec. 31, 2003, The Oshkosh, Wis.-based manufacturer of specialty trucks and vehicles had approximately $119 million of total debt outstanding. "The outlook revision reflects Oshkosh Truck's growing debt capacity relative to our expectations," said Standard&Poor's credit analyst Joel Levington. "While a key component to Oshkosh's strategy is to pursue both niche and strategic acquisitions, it is likely that the company will be able to achieve its business initiatives while maintaining, if not exceeding, our expectations
