The low-investment-grade rating on Oshkosh Truck Corp. reflects the Oshkosh, Wis.-based company's leading business positions in niche segments of the specialty truck markets, its moderate financial policy, and its somewhat aggressive business objectives. The company is a leading designer, manufacturer, and marketer of a broad range of specialty commercial, fire, and emergency apparatus, and also furnishes military trucks. Its products include custom and commercial pumpers, severe-duty plow and snow-removal vehicles, concrete mixers, refuse truck bodies, tow trucks, heavy-duty rescue vehicles, and severe-duty tactical trucks. Typically, Oshkosh's products are premium price in their respective markets, yet because of their good quality and technological capabilities, the vehicles tend to have the lowest life cycle costs, providing a significant competitive advantage to the
