NEW YORK (Standard&Poor's) April 10, 2003--Standard&Poor's Ratings Services said today that it has revised its outlook on New Britain, Conn.-based tool manufacturer The Stanley Works Co. to negative from stable based on financial profile concerns. Standard&Poor's said that at the same time it has affirmed its 'A'/'A-1' corporate credit ratings on the company. The company's debt at Dec. 31, 2002, including operating leases and accounts receivable sold, was $870 million. "The outlook change reflects Standard&Poor's concern that the company's financial profile could remain weaker than expected because of risks associated with the execution of its restructuring plans, the repositioning of its business portfolio, its more aggressive use of debt, and the dim
