NEW YORK (Standard&Poor's) March 14, 2007--Standard&Poor's Ratings Services said today that it assigned its 'A' senior unsecured rating to the proposed $200 million unsecured notes due 2010 of The Stanley Works Co. (A/Neg/A-1) and assigned its 'BBB+' preferred stock rating to the company's proposed Equity Units comprised of $300 million of convertible notes due 2012 and contracts to purchase a variable number of shares of common stock in 2010. Proceeds from the offerings will be used to repay short-term obligations associated with Stanley Works' Jan. 16, 2007, acquisition of HSM Protection Services Inc. The Equity Unit is assigned the company's preferred stock rating, given the equity risk that is taken by the investor. The rating on
