London, 02 December 2013 -- Moody's Investors Service today downgraded the corporate family rating (CFR) of Seat Pagine Gialle S.p.A ("Seat" or "the company") to C from Ca. It also downgraded the probability of default rating (PDR) to D-PD, and the rating on the EUR 750 million senior secured bonds and EUR 65 million senior secured stub bonds to C from Ca. There is no ratings outlook, and Moody's will withdraw all of Seat's ratings.

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