The ratings on The Brink's Co. reflects its recognized brand name, established reputation for quality and reliability, good geographic and customer diversity of its remaining armored car and cash management business, solid profitability, and moderate financial policies. Competitive and somewhat cyclical markets and sizable postretirement obligations offset these strengths. Brink's completed the spin-off of Brink's Home Security (BHS) into a separate, publicly traded company in a tax-free stock distribution to shareholders on Oct. 31, 2008. Brink's estimates that it has a 17% share of the fragmented secure logistics market, and benefits from a well-established name, solid reputation, global presence, and risk management expertise. Brink's has been in this business for more than 140 years and has built a diversified base
