S&P rates Mattel notes BBB+

Standard & Poor's said it affirmed all existing ratings, including the BBB+ corporate credit rating, on Mattel Inc.

At the same time, S&P assigned Mattel's proposed $250 million senior notes due 2018 and its proposed $250 million senior notes due 2023 an issue-level rating of BBB+.

S&P's BBB+ corporate credit rating reflects the agency's assessment of Mattel's business risk profile as "satisfactory" and S&P's assessment of its financial risk profile as "modest," according to the agency's criteria.

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