Strong brand names and leading market shares in consumer, commercial, and industrial tools and fasteners Growing geographic diversity, with an increasing presence in high-growth markets Subject to cyclical consumer and industrial demand Consistent profitability, despite intense competition and raw material cost pressures Solid track record of cash flow generation Prudent financial policy Strong liquidity, with ample credit lines and cash balances Good record of integrating acquisitions Standard&Poor's Ratings Services' rating outlook on Stanley Black&Decker Inc. (Stanley) is stable. We expect that the company will modestly improve its EBITDA and earnings in 2013 as it integrates its recent acquisitions of Infastech Ltd. and Niscayah, diversifying its business portfolio away from the consumer tool segment and its exposure
