The rating on Oshkosh, Wis.-based Oshkosh Corp. reflects the company's significant financial risk profile, which more than offsets its satisfactory business risk profile. Leading positions in key segments of the cyclical specialty vehicle market, as well as good product and end-market diversity, are factors that highlight its business risk profile. We expect the company to maintain these strengths. Standard&Poor's Ratings Services expects that the performance of Oshkosh's industrial businesses will improve modestly in 2012 from its current low levels, primarily due to better aerial work platform results. We expect this to partly offset lower profitability at its defense segment. Oshkosh's credit measures are likely to weaken from strong levels, but we believe that they'll remain consistent with our
