SP PF Buyer LLC, which does business as Pure Fishing, had negative free cash flow in 2019 on a 6% revenue decline, and ended the year with more than 9.0X leverage. Moody’s believes the coronavirus outbreak will further pressure earnings and cash flow this year, and it dropped Pure Fishing’s corporate family rating to Caa2 from B3, its probability of default rating to Caa2-PD from B3-PD, ... Log in to view full article.