The ratings on Stanley Black&Decker Inc. reflects our view of its "strong" business risk profile marked by good geographic and product diversity; leading positions in security products, consumer and professional hand and power tools, and industrial tools; and a track record of consistent profitability. In addition, Stanley has demonstrated cash flow generation, prudent use of leverage, and a commitment to leverage reduction, characterizing our assessment of its "intermediate" financial risk profile. Stanley Black&Decker is a diversified global manufacturer and provider of hand, power, and industrial hardware and home improvement products and (engineered) fastening systems. Our base case scenario incorporates our expectation that Stanley's credit measures will continue to strengthen over the next 12 to 24 months
