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S&P gives A to Stanley notes
S&P said it gave an A rating to Stanley Black & Decker Inc.'s proposed senior unsecured notes with three- and five-year maturities.
“The debt rating is in line with the issuer credit rating,” S&P said in a press release. Stanley’s other ratings are unaffected by the offering.
The company is expected to use the proceeds to repay its commercial paper.
The outlook is negative.
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