The children’s licensed apparel maker, which is partially owned by the NFL and Blackstone, missed term loan principal and interest payments at the end of Mar., and entered into a forbearance agreement with its lenders. In response, Moody’s downgraded its probability of default rating to Ca-PD/LD from Caa2-PD and corporate family rating to Ca from Caa2. The ratings agency had expected Outerstuff’s business to improve this year ... Log in to view full article.