Manufacturer of specialty vehicles Oshkosh Corp. continues to demonstrate signs of improving financial performance, with demand in the Access Equipment segment turning positive during the second quarter of fiscal 2021. Although some supply chain risks remain, we believe the worst impacts of the global recession are behind the company and now expect positive revenue growth, improved EBITDA margins, and stronger cash flow generation in the next year. We are therefore revising our outlook to stable from negative and affirming our 'BBB' issuer and issue credit ratings on Oshkosh. The stable outlook reflects our view that Oshkosh's operating performance will continue to improve given favorable end market conditions and a healthy backlog, allowing the company to maintain an S&P Global Ratings-adjusted
