New York, December 11, 2013 -- Moody's Investors Service has downgraded Stratus Technologies Bermuda Ltd.'s ("Stratus") Corporate Family Rating (CFR) to Caa1 from B3 and the Probability of Default Rating Caa1-PD from B3-PD based on concerns that Stratus' overall debt position may not be sustainable over the long term, which increases the probability of a debt restructuring. Concurrently, Moody's downgraded Stratus' senior secured first lien rating to B3 from B2. The rating outlook is negative, given Moody's view that current liquidity is weak and absent Status' ability to refinance its 2015 debt maturities, the probability of default will remain elevated.

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