NEW YORK (Standard&Poor's CreditWire) March 2, 1999--Standard&Poor's today assigned its single-'A' rating to Stanley Works' $120 million senior unsecured 5.75% notes due March 1, 2004. At the same time, Standard&Poor's affirmed its single-'A'/'A-1' corporate credit ratings on the company. Standard&Poor's also affirmed its single-'A' senior secured, senior unsecured, and bank loan ratings and 'A-1' commercial paper rating on the company. The outlook is stable. The ratings reflect an above-average business position and moderate financial policies. New Britain, Conn.-based Stanley is a leading producer of a wide array of tools and hardware products for do-it-yourself, construction, and industrial markets. The company's business profile is supported by high brand name recognition, significant international market
