STOCKHOLM (Standard&Poor's) Feb. 27, 2007--Standard&Poor's Ratings Services said today that it had removed its long-term 'A+' corporate-credit rating on Sweden-based tool and mining equipment manufacturer Sandvik AB from CreditWatch, where it was placed with negative implications on Feb. 2, 2007. At the same time the rating was affirmed. The outlook is negative. At the same time, the short-term 'A-1' corporate credit rating on the company was affirmed, as was the 'A-1' rating on its CP and the 'K-1' Nordic scale rating on a Swedish CP program issued by Sandvik Treasury AB and guaranteed by Sandvik AB. "The negative outlook reflects reduced headroom to accommodate a softening business environment and further increases in the company's debt leverage
