The parent of Quiksilver, Billabong and other actions sports brands sees Moody’s cut its corporate family rating to Caa2 from Caa1, and also lower its senior secured super priority credit facility rating to Caa1 from B3. The ratings agency cited weak credit metrics, including leverage just under 8x and EBIT/interest expense coverage of 0.4x, and near-term debt maturities for the downgrade. Boardriders’ spending on its business ... Log in to view full article.