Moody's: Stanley Black & Decker notes Baa2

Moody's Investors Service said it assigned a Baa2 hybrid rating to Stanley Black & Decker's proposed $500 million junior subordinated note offering due 2052, the proceeds from which will be designated for general corporate uses.

All of the company's existing ratings, including Baa1 senior unsecured rating and Prime-2 short-term rating, were affirmed.

The outlook is stable.

Moody's said that the proposed note offering will further bolster cash available to fund corporate needs.

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