Fitch alters Hasbro view to stable

Fitch Ratings said it revised the outlook for Hasbro Inc. to stable from negative and affirmed its BBB- issuer and senior unsecured ratings.

“Strong results at the company's Wizards of the Coast segment, a rebound in the consumer products segment and the paydown of over $1 billion in debt drove leverage back below 3.5x in 2021. The outlook revision to stable reflects increased confidence in leverage remaining below 3.5x, given EBITDA trends and expected debt reduction,” Fitch said in a press release.

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