On Dec. 16, 2008, Standard&Poor's Rating Services assigned its 'BBB' rating) to the $450 million 5.90% junior subordinated bonds due Dec. 1, 2045 of The Stanley Works Co. (A/Stable/A-1). The notes were issued in exchange for the company's $450 million variable rate Enhanced Trust Preferred Securities issued in the name of The Stanley Works Capital Trust I. The rating on these notes has been withdrawn. At the same time, the company's corporate credit and other ratings, were affirmed. The outlook is stable. The ratings on New Britain, Conn.-based Stanley Works Co. reflect the company's strong market positions in a variety of tools, hardware, and commercial security products and services for use in the do-it-yourself (DIY), industrial, professional, and
