NEW YORK (Standard&Poor's) May 9, 2008--Standard&Poor's Ratings Services said today that it affirmed its 'A-1' short-term rating on the 4(2) commercial paper program of The Stanley Works Co. (Stanley) (A/Stable/A-1). Stanley added $250 million to the program, which now totals $800 million. Stanley will continue to use the larger commercial paper program to fund normal working capital needs and general corporate purposes. The ratings on Stanley reflect its strong market position, good product and geographic diversity, solid cash flows, and strong financial policies that offset raw material cost pressures, and the cyclical demand for the company's tool and hardware products. Stanley, based in New Britain, Conn., manufactures and markets security products and services as well as
