New York, July 24, 2013 -- Moody's Investors Service says emergency transportation provider Rural/Metro Corporation (Caa2 negative) on July 15, 2013 elected not to make an interest payment on its senior notes due 2019. This credit negative event would cause a default under the 10.25% senior notes indenture if the interest payment is not made within the 30-day grace period. As Rural/Metro continues to align its operations and capital structure, the company's ratings already consider our view that Rural/Metro's creditors may not fully recover the face value of their holdings.

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