Moody’s changes Hasbro view to positive

Moody’s Investors Service said it changed the outlook for Hasbro Inc. to positive from stable and affirmed its Baa3 senior unsecured rating.

“The change to a positive outlook reflects Moody's expectation that Hasbro will meet Moody's criteria for consideration of an upgrade within the next 12-18 months including leverage below 3.5x, strong liquidity and good business momentum following Covid-related challenges and disruptions. It reflects already significant post acquisition debt repayment and management's commitment to further reduce leverage. It assumes that the company will successfully navigate near term inflationary pressures and supply chain challenges and maintain its historically conservative financial policy,” the agency said in a press release.

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