Fitch gives Hasbro notes BBB+

Fitch Ratings said it expects to assign a BBB+ rating to Hasbro, Inc.'s $300 million of notes maturing in 2021 and $300 million notes maturing in 2044. Both notes are senior unsecured obligations.

The company plans to use the proceeds to repay the $425 million of 6.125% notes due May 15, 2014 with the remainder for general corporate purposes, the agency stated.

According to Fitch, Hasbro's ratings reflect the company's scale with over $4 billion in revenues, leading position in the traditional toy industry, a broad portfolio of highly diverse brands, low fixed-cost structure and strong credit protection measures.

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