The Brink's Co. 'BBB-' Rating Affirmed On Expectation For Improved Credit Metrics; Outlook Stable; Debt Rating Withdrawn

The Brink's Co.'s credit metrics are weak, primarily because of competition in North America and a charge the company took earlier this year in conjunction with the devaluation of the Venezuelan bolivar. We are affirming our 'BBB-' corporate credit rating on Brink's. We are also withdrawing our 'BBB-' rating on the company's Peninsula Ports Authority Dominion Terminal Associates bond. The stable outlook reflects our expectation that Brink's credit metrics will improve over the next two years as the company benefits from ongoing restructuring and investment activities in North America, though we do not believe the improvement will be sufficient to warrant an upgrade during that time. NEW YORK (Standard&Poor's) Oct. 23, 2014--Standard&Poor's Ratings Services today affirmed

...+ The Brink's Co.'s credit metrics are weak, primarily because of competition in North America and a charge the company took earlier this year in conjunction with the devaluation of the Venezuelan bolivar. + We are affirming our '###-' corporate credit rating on Brink's. + We are also withdrawing our '###-' rating on the company's Peninsula Ports Authority Dominion Terminal Associates bond. + The stable outlook reflects our expectation that Brink's credit metrics will improve over the next two years as the company benefits from ongoing restructuring and investment activities in North America, though we do not believe the improvement will be sufficient to warrant an upgrade during that time. NEW YORK (Standard & Poor's) Oct. 23, 2014--Standard & Poor's Ratings Services today affirmed its '###-' corporate credit rating on The Brink's Co. The rating outlook is stable. At the same time, we withdrew the '###-' rating on the company's Peninsula Ports Authority Dominion Terminal Associates bond,...

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