London, 24 March 2015 -- Moody's Investors Service, ("Moody's") has today downgraded to B3 from B2 the corporate family rating (CFR) and probability of default rating (PDR) to B3-PD from B2-PD of Hyva Global B.V. (Hyva). Concurrently, the rating agency has downgraded to Caa1 from B3 the rating on Hyva's USD375 million of senior secured notes due 2016. The outlook on the ratings is stable.

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