Moody's downgrades kgb CFR, PDR

Moody's Investors Service said it downgraded the corporate family and probability of default ratings for kgb to B2 from B1.

The ratings on the first- and second-lien credit facilities remain unchanged.

The outlook is stable.

Moody's said the actions reflect kgb's weakened liquidity profile as a result of its approaching 2013 debt maturities, as well as the risk of earnings deterioration driven by continuing secular volume declines in its core directory assistance business.

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