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Article Date: March 2023
Word Count: 111

Outerstuff Ratings Cut Again as Default Looms


S&P Global lowered the youth-focused licensed apparel company’s issuer credit rating to CCC- from CCC, saying that a default is “inevitable” within the next six months if it cannot refinance its maturing debt. Outerstuff’s $155 million term loan come due in Dec. 2023, and if the ... Log in to view full article.

 

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