August 28, 2007
BEL Appreciates Caterpillar
Caterpillar is one of the top industrial companies in the United States and happens to be located in Central Illinois.
Fitch Rating Service had this to say recently about Caterpillar, which rated the company an A+:
CAT is the world's leading manufacturer in construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Other major businesses include Remanufacturing Services, Logistics, and Progress Rail. Through its financial products subsidiary, CAT provides retail-financing to its customers and dealers for the purchase and lease of CAT and non-competitive products. In the first half of 2007, 54% of CAT's consolidated sales were outside the U.S.
The ratings reflect CAT's consistently strong cash flow generation, competitive products, diversified customer base, global manufacturing footprint and strong international dealer network. The ratings are also supported by CAT's substantial financial flexibility, solid credit metrics and the strength and stability of CAT Financial, all of which give CAT the ability to absorb economic and product cycles.
(information taken from Mergent Online)
We appreciate Caterpillar for their partnership with the College of Business and in making it possible to have Bloomberg in our library. Bloomberg is used throughout the core curriculum in the Finance Department.