Moody’s Upgrades Outerstuff
The ratings agency upgraded the league licensed kids’ apparel maker’s corporate family rating to Caa1 from Caa2 and its senior secured non-extended term loan to Caa2 from Caa3, while assigning a Caa2 rating to the amended senior secured term loan due 2027. The outlook was changed to stable from negative, now that Outerstuff extended its senior secured term loan to Dec. ‘27 from Dec. ‘23. As ... Log in to view full article.
