We are concerned that Sandvik's credit metrics will remain outside our expectations for an 'A-' rating for an extended period. We are placing the long-term rating on CreditWatch with negative implications. We are affirming the 'A-2' short-term corporate credit ratings on the company. FRANKFURT (Standard&Poor's) Jan. 12, 2010--Standard&Poor's Ratings Services said today it placed its 'A-' long-term corporate credit rating on Sweden-based Sandvik AB on CreditWatch with negative implications. At the same time, we affirmed the 'A-2' short-term corporate credit and 'K-1' Nordic national scale ratings on the company. "The CreditWatch placement reflects our concern that a recovery of Sandvik's financial profile through 2010 and beyond might be weaker than we previously anticipated, owing to pressure
