NEW YORK (Standard&Poor's) Dec. 16, 2008--Standard&Poor's Ratings Services said today that it assigned its 'BBB' rating to the $450 million 5.90% junior subordinated bonds due Dec. 1, 2045, of The Stanley Works Co. (A/Stable/A-1). The notes were issued in exchange for the company's $450 million variable rate Enhanced Trust Preferred Securities issued in the name of The Stanley Works Capital Trust I. The rating on these notes has been withdrawn. At the same time, we affirmed the corporate credit and other ratings on the company. The outlook is stable. New Britain, Conn.-based Stanley Works Co. has strong market positions in a variety of tools, hardware, and commercial security products and services for use in the do-it-yourself
