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Moody's gives Stanley Black & Decker notes Baa2
Moody's Investors Service said it assigned a Baa2 (hyb) rating to Stanley Black & Decker, Inc.'s proposed $400 million junior subordinated note offering due 2053 and $300 million junior subordinated note offering due 2018.
All of the company's existing ratings, including its Baa1 senior unsecured rating and Prime-2 short term rating, were affirmed.
The outlook is stable.
Proceeds from the notes will be designated for general corporate uses.
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