(Source: Fitch Inc) 05 Nov 2015 3:18 PM GMT/UTC Fitch Ratings-Chicago-05 November 2015: Fitch Ratings has affirmed the ratings of Stanley Black & Decker, Inc. (NYSE: SWK), including the company's Issuer Default Rating (IDR), at 'A-'. The Rating Outlook is Stable. Fitch has also assigned a 'BBB+' rating to SWK's proposed offering of $632.5 million subordinated notes due 2018. SWK is currently remarketing these notes, which were originally issued as junior subordinated notes and as a component of Convertible Preferred Units issued in November 2010. The subordinated notes will be unsecured obligations of the company and will rank junior in right of payment to all of SWK's senior debt. The notes...
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