It's my solution of this issue. I used it for altering PK, but idea the same. Hope this will be useful)
PRINT 'Script starts'
DECLARE @foreign_key_name varchar(255)
DECLARE @keycnt int
DECLARE @foreign_table varchar(255)
DECLARE @foreign_column_1 varchar(255)
DECLARE @foreign_column_2 varchar(255)
DECLARE @primary_table varchar(255)
DECLARE @primary_column_1 varchar(255)
DECLARE @primary_column_2 varchar(255)
DECLARE @TablN varchar(255)
-->> Type the primary table name
SET @TablN = ''
---------------------------------------------------------------------------------------    ------------------------------
--Here will be created the temporary table with all reference FKs
---------------------------------------------------------------------------------------------------------------------
PRINT 'Creating the temporary table'
select cast(f.name  as varchar(255)) as foreign_key_name
    , r.keycnt
    , cast(c.name as  varchar(255)) as foreign_table
    , cast(fc.name as varchar(255)) as  foreign_column_1
    , cast(fc2.name as varchar(255)) as foreign_column_2
    , cast(p.name as varchar(255)) as primary_table
    , cast(rc.name as varchar(255))  as primary_column_1
    , cast(rc2.name as varchar(255)) as  primary_column_2
    into #ConTab
    from sysobjects f
    inner join sysobjects c on  f.parent_obj = c.id 
    inner join sysreferences r on f.id =  r.constid
    inner join sysobjects p on r.rkeyid = p.id
    inner  join syscolumns rc on r.rkeyid = rc.id and r.rkey1 = rc.colid
    inner  join syscolumns fc on r.fkeyid = fc.id and r.fkey1 = fc.colid
    left join  syscolumns rc2 on r.rkeyid = rc2.id and r.rkey2 = rc.colid
    left join  syscolumns fc2 on r.fkeyid = fc2.id and r.fkey2 = fc.colid
    where f.type =  'F' and p.name = @TablN
 ORDER BY cast(p.name as varchar(255))
---------------------------------------------------------------------------------------------------------------------
--Cursor, below, will drop all reference FKs
---------------------------------------------------------------------------------------------------------------------
DECLARE @CURSOR CURSOR
/*Fill in cursor*/
PRINT 'Cursor 1 starting. All refernce FK will be droped'
SET @CURSOR  = CURSOR SCROLL
FOR
select foreign_key_name
    , keycnt
    , foreign_table
    , foreign_column_1
    , foreign_column_2
    , primary_table
    , primary_column_1
    , primary_column_2
    from #ConTab
OPEN @CURSOR
FETCH NEXT FROM @CURSOR INTO @foreign_key_name, @keycnt, @foreign_table,         @foreign_column_1, @foreign_column_2, 
                        @primary_table, @primary_column_1, @primary_column_2
WHILE @@FETCH_STATUS = 0
BEGIN
    EXEC ('ALTER TABLE ['+@foreign_table+'] DROP CONSTRAINT ['+@foreign_key_name+']')
FETCH NEXT FROM @CURSOR INTO @foreign_key_name, @keycnt, @foreign_table, @foreign_column_1, @foreign_column_2, 
                         @primary_table, @primary_column_1, @primary_column_2
END
CLOSE @CURSOR
PRINT 'Cursor 1 finished work'
---------------------------------------------------------------------------------------------------------------------
--Here you should provide the chainging script for the primary table
---------------------------------------------------------------------------------------------------------------------
PRINT 'Altering primary table begin'
TRUNCATE TABLE table_name
PRINT 'Altering finished'
---------------------------------------------------------------------------------------------------------------------
--Cursor, below, will add again all reference FKs
--------------------------------------------------------------------------------------------------------------------
PRINT 'Cursor 2 starting. All refernce FK will added'
SET @CURSOR  = CURSOR SCROLL
FOR
select foreign_key_name
    , keycnt
    , foreign_table
    , foreign_column_1
    , foreign_column_2
    , primary_table
    , primary_column_1
    , primary_column_2
    from #ConTab
OPEN @CURSOR
FETCH NEXT FROM @CURSOR INTO @foreign_key_name, @keycnt, @foreign_table, @foreign_column_1, @foreign_column_2, 
                         @primary_table, @primary_column_1, @primary_column_2
WHILE @@FETCH_STATUS = 0
BEGIN
    EXEC ('ALTER TABLE [' +@foreign_table+ '] WITH NOCHECK ADD  CONSTRAINT [' +@foreign_key_name+ '] FOREIGN KEY(['+@foreign_column_1+'])
        REFERENCES [' +@primary_table+'] (['+@primary_column_1+'])')
    EXEC ('ALTER TABLE [' +@foreign_table+ '] CHECK CONSTRAINT [' +@foreign_key_name+']')
FETCH NEXT FROM @CURSOR INTO @foreign_key_name, @keycnt, @foreign_table, @foreign_column_1, @foreign_column_2, 
                         @primary_table, @primary_column_1, @primary_column_2
END
CLOSE @CURSOR
PRINT 'Cursor 2 finished work'
---------------------------------------------------------------------------------------------------------------------
PRINT 'Temporary table droping'
drop table #ConTab
PRINT 'Finish'