Moody's: Stanley Black & Decker notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Stanley Black & Decker Inc.'s proposed $800 million senior unsecured note offering due 2022.

All the existing ratings remain unchanged. The outlook is stable.

The agency said the rating action reflects the debt-neutral nature of the proposed transaction since the proceeds of the note offering will be used to retire the outstanding debt.

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