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Fitch affirms Hasbro ratings

By Associated Press

July 3, 2008

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Fitch Ratings on Thursday affirmed the credit ratings of toy maker Hasbro Inc. and raised its ratings outlook on the company.

Fitch has "BBB," or investment grade, issuer default, unsecured bank facility and senior notes ratings on the company. Fitch boosted its ratings outlook to "positive" from "stable."

The ratings service said Hasbro's revenue is growing and noted that the company has positive operating trends and a "strong lineup of activities for the next several years with licensees and theatrical releases to support its brands."

Hasbro shares rose 41 cents to $34.89 in afternoon trading.

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