Ratings on The Brink's Co. (formerly known as The Pittston Co.) reflect the diversity of its operations and the solid profitability of its armored car and cash management business and home security business, tempered by the more volatile and currently depressed (albeit improving) performance of its BAX Global airfreight business. Ratings also reflect the company's moderate financial policies, offset somewhat by challenges associated with liabilities related to former coal operations, including postretirement benefit obligations. Brink's armored security and cash management business (42% of revenues) is a leader in its industry. Major services include armored car transportation, automated teller machine (ATM) servicing, currency and deposit processing, coin sorting and wrapping, arranging the secure transportation of valuables, and the deploying and servicing
