• U.S.-based security products and consumer and industrial tool maker Stanley Black&Decker Inc. has announced that it plans to issue $400 million of junior subordinated debentures due in 2053 as well as 3 million equity units, which will consist of $300 million of junior subordinated notes due in 2018. • We are rating both the junior subordinated debentures and the junior subordinated notes 'BBB+'. NEW YORK (Standard&Poor's) Nov. 25, 2013--Standard&Poor's Ratings Services' 'BBB+' issue-level ratings (two notches below the corporate credit rating) on New Britain, Conn.-based Stanley Black&Decker's proposed junior subordinated debentures and junior subordinated notes (the latter to be issued in connection with the company's proposed equity units) are based on
