Strong market positions in core businesses; Diversified business mix and customer base; Moderate financial policies; and Good track record and reputation for quality and reliability. Sizable liabilities (including postretirement obligations) associated with former coal business; Competitive end markets; Vulnerability to economic pressures in certain segments; Underperforming (albeit improving) air freight operation; and Capital intensity of certain business segments. Standard&Poor's Ratings Services recently removed its ratings on The Brink's Co. (formerly The Pittston Co.) from CreditWatch, followed completion of a review of the impact of Brink's unfunded postretirement benefit liabilities on credit quality. Standard&Poor's believes that these obligations, although sizable, are manageable and should not prevent the company from improving its financial profile over the next few
