...NEW YORK (Standard & Poor's) Jan. 5, 2016--Standard & Poor's Ratings Services said today that its ratings on The Brink's Co. (###-/Stable/--) are not immediately affected by the company's recent agreement with activist shareholder Starboard Value L.P. According to company reports, the agreement involves the election of three new members to Brink's Board of Directors. The company has also announced the retirement of its CEO, effective as of the date of Brink's 2016 annual shareholder meeting (or earlier if a successor is appointed). We are not taking a rating action on Brink's at this time because it is not clear that the agreement will negatively impact the company's financial policies to the extent that we would need to lower our rating. We could lower our ratings on the company if it appears that the composition of its new board will lead to a more aggressive financial and/or operating strategy that could meaningfully weaken its credit metrics. In such a case, we could lower our ratings...
