London, 29 January 2016 -- Moody's Investors Service (Moody's) has today downgraded Proserv Global Inc.'s (Proserv or the company) corporate family rating (CFR) to Caa3 from Caa1 and probability of default rating (PDR) to Caa3-PD from Caa1-PD. Concurrently, Moody's has also downgraded to Caa2 from Caa1 the ratings on the USD135 million first lien term loan and the USD60 million first lien revolving credit facility at Proserv Operations Limited, and the USD230 million first lien term loan at Proserv US LLC, as well as to Ca from Caa3 the rating on the USD115 million second lien term loan at Proserv US LLC. The rating outlook remains negative.

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