Not available at the moment young naked teens Moody's cut the phone company's credit rating to Ba1 fromBaa3. * Telecom said in a statement late on Tuesday that its debtrefinancing contracts did not contain any clauses that envisageda capital repayment step-up or payment acceleration linked tomoves in the rating. * BlackRock Managing Director Mike Trudel told Il Sole 24 Orethat a "very attractive valuation" was behind the decision toraise the stake in Telecom Italia to 5.13 percent. He addedenergy and industrials were the most promising sectors forItalian stocks, as well as some banks.