NEW YORK (Standard&Poor's) Dec. 21, 2006--Standard&Poor's Ratings Services said today that it revised its outlook on The Stanley Works Co. to negative from stable. At the same time we affirmed all ratings on the company, including our 'A' corporate credit rating and 'A-1' commercial paper rating for the New Britain, Conn.-based company. "The outlook revision reflects uncertainty regarding the successful integration of the proposed $545 million acquisition of unrated HSM Electronic Protection Services Inc., the ultimate financing structure, and unfavorable residential construction conditions," said Standard&Poor's credit analyst John Kennedy. "The company's financial metrics are weak for the current rating. Furthermore, any future acquisitions, if financed through more debt and hybrid securities, could create more
