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Moody's cuts Seat Pagine Gialle, Lighthouse
Moody's Investors Service said it downgraded the corporate family rating of Seat Pagine Gialle SpA to Ca and the probability of default rating to Ca/LD.
The company also downgraded the rating on the €1.3 billion senior notes of Lighthouse International Co. SA to C from Ca.
The outlook remains negative.
Moody's said the actions follow the payment default on the coupon of the Lighthouse notes that was due on Oct. 31 and at the end of the 30-day grace period.
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