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Article Date: November 2019
Word Count: 135

Pure Fishing Downgraded by Moody’s

The ratings agency cut Pure Fishing’s corporate family rating to B3 from B2 and revised the outlook to negative from stable, citing weaker sales, earnings, and cash flow than expected and higher transition costs separating from Newell. The company, which was sold to Sycamore Partners a year ago for $1.3 billion, saw revenues decline 5% to about $500 million in the 12 months ended Sep. 2019, Moody’s ... Log in to view full article.


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