On Jan. 20, 2010, PONE announced it would seek strategic alternatives to enhance shareholder value. Standard&Poor's believes PONE's review could result a transaction which weakens PONE's credit metrics. We are placing our ratings on PONE, including the 'B+' corporate credit rating, on CreditWatch with negative implications. NEW YORK (Standard&Poor's) Jan. 22, 2010--Standard&Poor's Ratings Services said today it placed its ratings, including the 'B+' corporate credit rating, on Lawrence, Kan.-based Protection One Alarm Monitoring Inc. (PONE) on CreditWatch with negative implications, following the company's Jan. 20, 2010, announcement that it is seeking strategic alternatives to enhance shareholder value. "While PONE's review of strategic alternatives could result in a range of outcomes," said Standard&Poor's