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Moody’s cuts Hasbro
Moody’s Investors Service said it downgraded Hasbro, Inc.’s senior unsecured rating to Baa3 from Baa1.
“The downgrade reflects the high leverage that will result from the Entertainment One transaction and the risks associated with integrating the entertainment business” said Linda Montag, a Moody’s senior vice president, in a press release.
The downgrade concludes the ratings review started on August 23.
The outlook is stable.
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