Standard&Poor's Ratings Services 'A' rating on Stanley Black&Decker Inc. stems from: Our anchor of 'a-', based on our "strong" business risk and "intermediate" financial risk profile assessments for the company, further modified with a (+1 notch)adjustment for moderate diversification portfolio effect, reflecting Stanley's good geographic diversity and three significant distinct business segments (Consumer, Do-it Yourself Tools (CDIY); Industrial and Automotive tools; and Security products/services. Strong brand names and leading market shares in consumer, commercial, and industrial tools and strong global fastener and security products/services businesses Good product/market diversity spread among three distinct uncorrelated business segments and growing geographic diversity, with an increasing presence in high-growth markets Subject to cyclical consumer and industrial demand Consistent profitability, despite
