S&P puts Hasbro on watch

Standard & Poor's said it placed its BBB+ corporate credit rating and all related long-term issue-level ratings on Hasbro Inc. on CreditWatch with negative implications.

S&P affirmed its A-2 commercial paper rating, as S&P said it believes a possible downgrade would be limited to one notch.

"The CreditWatch listing reflects a decline in operating performance through the holiday season in 2012 that has resulted in credit measures deteriorating to levels that are meaningfully above our 2x threshold for the BBB+ rating," said S&P credit analyst Jennifer Pepper in a news release.

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