S&P affirms Hasbro

S&P said it affirmed its BBB corporate credit rating on Hasbro Inc.

The outlook is stable.

At the same time, the agency affirmed the BBB issue-level rating on the company's senior unsecured notes and affirmed the A-2 commercial paper rating.

S&P said it affirmed the corporate credit rating despite a revised base-case forecast for leverage through 2019 that is significantly lower than the upgrade threshold of 2x.

“This is because we believe, over the long term, the company will maintain leverage inside of its publicly articulated financial policy range of 2x to 2.5x,” the agency said in a news release.

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