LONDON (Standard&Poor's) April 22, 2008--Standard&Poor's Ratings Services said today it placed its 'A+' long-term corporate credit and senior unsecured debt ratings on Sweden-based tool and mining equipment manufacturer Sandvik AB on CreditWatch with negative implications, reflecting concerns about its financial risk profile. At the same time, the 'A-1' short-term corporate credit rating on Sandvik and the 'K-1' Nordic scale rating on subsidiary Sandvik Treasury AB's Swedish commercial paper program were affirmed. The CreditWatch placement reflects a potential need to adjust Sandvik's financial risk profile and rating in light of its 2007 performance, its financial policy, and when comparing with peers. "While the first-quarter 2008 performance is unknown to us, Sandvik's performance has been low for the
