TORONTO (S&P Global Ratings) Feb. 4, 2020--S&P Global Ratings today assigned its 'A' issue-level rating to New Britain, Conn.-based Stanley Black&Decker Inc.'s proposed senior unsecured notes. At the same time, we assigned our 'BBB+' issue-level rating to the company's proposed junior subordinated debentures. All of our other ratings on the company remain unchanged. We expect Stanley to use the proceeds from both issues for general corporate purposes, including to fund its recently announced acquisition of Consolidated Aerospace Manufacturing LLC (CAM) for up to $1.5 billion. The acquisition of CAM will expand the company's industrial division by adding a new commercial aerospace fasteners market segment to its existing auto fasteners and industrial tools business. The acquisition and its funding
