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Moody's: CiCi's Pizza unchanged
Moody's Investors Service said the B2 corporate family rating and negative outlook of Awesome Acquisition Co. LP (CiCi's Pizza) are not affected by the company's restructuring plan to focus on franchisee support and guest experience. The agency views this restructuring plan as a logical step in reaction to the company's persistently pressured top line and worsening same-store sales trend experienced in 2009.
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