Stanley Works Co.'s $250 Million Senior Unsecured Notes Rated 'A' - S&P Global Ratings’ Credit Research

Stanley Works Co.'s $250 Million Senior Unsecured Notes Rated 'A'

Stanley Works Co.'s $250 Million Senior Unsecured Notes Rated 'A' - S&P Global Ratings’ Credit Research
Stanley Works Co.'s $250 Million Senior Unsecured Notes Rated 'A'
Published Sep 24, 2008
Published Sep 24, 2008
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Abstract:

NEW YORK (Standard&Poor's) Sept. 24, 2008--Standard&Poor's Ratings Services said today that it assigned its 'A' debt rating to the proposed $250 million senior unsecured notes due 2013 of The Stanley Works Co. (A/Stable/A-1). The notes will be issued under the company's shelf registration for well-known seasoned issuers filed on Sept. 24, 2008. The rating is based on preliminary terms and conditions. Proceeds from the notes offering will be used for debt reduction and general corporate purposes. Stanley expects total reported debt, adjusted for hybrid securities, to be about $1.1 billion at year-end 2008. The ratings on New Britain, Conn.-based Stanley Works reflect the company's strong market positions in a variety of tools, hardware, and commercial security

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Household Appliances (25201040)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Stanley Works Co.'s $250 Million Senior Unsecured Notes Rated 'A'" Sep 24, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Stanley-Works-Co-s-250-Million-Senior-Unsecured-Notes-Rated-A-673019>
  
APA:
S&P Global Ratings’ Credit Research. (). Stanley Works Co.'s $250 Million Senior Unsecured Notes Rated 'A' Sep 24, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Stanley-Works-Co-s-250-Million-Senior-Unsecured-Notes-Rated-A-673019>
  
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