Moody’s Downgrades Outerstuff after Missed Payment
After missing a $5 million term loan principal payment that was due at the end of Dec., the children’s licensed apparel maker will benefit from that debt getting converted to equity at the end of Jun, according to Moody’s. Outerstuff is still at a high risk of default given the weak liquidity, the ratings agency said, and it ... Log in to view full article.
