Fitch Ratings: Hasbro stock goes from 'Stable' to 'Good'

Thursday, July 3rd, 2008 8:15PM CDT

Category: Company News
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Fitch Ratings, a full service, global bond rating agency, has released a report on its status for HASBRO Inc. (HAS NYSE) stock options.

After review of the current stock state, they have upgraded there official rating of the company from stable to good.

According to the report Hasbro's revenue continues to grow and stated 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.'"

Seibertron.com has already reported on the dividend payouts that stock holders are set to receive and also the public webcast that will be held in the coming weeks anouncing the TRANSFORMERS creator's quarterly report. And with HASBRO's new CEO Brian Goldner stating that he plans to elevate the brands that HASBRO markets into other ventures of entertainment, this really comes as no surprise.

HASBRO Inc. shares rose $0.41 to $34.89 in afternoon trading.

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Credit(s): Finch Ratings