Fitch: Black & Decker view negative

Fitch Ratings said it affirmed the Black & Decker Corp.'s long-term issuer default rating at BBB, short-term issuer default rating at F2, $1 billion commercial paper at F2, $1 billion revolving credit facilities at BBB, $225 million bank term loans at BBB and $1 billion senior unsecured notes at BBB.

The agency also affirmed Black & Decker Holdings LLC's long-term issuer default rating and $150 million senior unsecured notes at BBB.

The outlook is negative.

Ratings reflect strong liquidity, continued productivity improvements and actions taken to withstand the weakening global economy, including downsizing, cost reduction and inventory and capital spending controls, the agency said.

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