London, 19 December 2012 -- Moody's Investors Service has today upgraded the corporate family rating (CFR) and probability of default rating (PDR) of Bite Finance International B.V ('Bite' or 'the company') to B3 from Caa1. Moody's also upgraded the rating on the senior secured Notes due 2014 to B3 from Caa1, and the rating on the stub of unsecured notes due 2017 to Caa2 from Caa3. The outlook is stable.

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