There are many games which do this, some of them even censor non-swear words. I seem to remember several Capcom titles censoring 'SNK' etc.
It's always amusing when you open up a rom in a hex editor, when you're initially studying it, looking for hardware / manufacturer clues and find a bunch of censored words in plaintext.

This being US games collection, but in many cases you can find similar lists of censored words ;-)