London, 18 June 2014 -- Moody's Investors Service has today assigned a (P)B2 rating to the EUR255 million Senior Secured Notes due 2020 ("the new Notes") to be issued by R&R Ice Cream Plc ("R&R" or "the company"). Concurrently, Moody's also upgraded R&R's Probability of Default Rating to B1-PD, assigned a definitive B2 rating to the (P)B1 rated GBP315 million Senior Secured Notes and affirmed the Caa1 rating of the EUR253 million senior PIK Toggle notes due 2018 issued by R&R PIK plc ("the PIK Notes"). The rating outlook on all ratings is negative.

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