Buenos Aires City, March 19, 2014 -- Moody's Latin America Agente de Calificación de Riesgo today downgraded the global scale debt and issuer ratings for various utilities and infrastructure companies operating in Argentina to Caa1 from B3. The action follows Moody's 17 March 2014 downgrade of the Argentine government's bond rating to Caa1 with stable outlook from B3 with negative outlook. The deterioration in Argentina's credit profile as captured in the rating downgrade has direct implications for the ratings of infrastructure issuers, given that it also expresses the increase of systemic risks for all local credits.

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