NEW YORK (Standard&Poor's) Oct. 31, 2007--Standard&Poor's Ratings Services said today that it revised its outlook on The Stanley Works Co. (Stanley) to stable from negative. At the same time, we affirmed all ratings on the company, including its 'A' corporate credit and 'A-1' commercial paper ratings. "The outlook revision reflects our expectations that Stanley's credit measures will return to levels appropriate for the ratings over the next year as a result of the combination of steady operating performance and further debt reduction through internally generated cash," said Standard&Poor's credit analyst Thomas Nadramia. Adjusted debt outstanding at Sept. 30, 2007, was $1.4 billion. Stanley, based in New Britain, Conn., has strong market positions in a
