Buenos Aires City, April 28, 2015 -- Moody's Latin America Agente de Calificación de Riesgo confirmed the Ba2/Aaa.ar global scale rating and national scale rating on Petrobras Argentina S.A.'s (Petrobras Argentina) USD 300 million in guaranteed Series S notes (CUSIP 71646JAB5). The rating action reflects Moody's Investors Service's rating action on April 27, 2015 of confirming Petrobras S.A.'s (Petrobras, the guarantor) global debt ratings at Ba2. The ratings outlook is now stable, also in accordance to Petrobras' rating outlook. This concludes the ratings review period started in late December 2014.

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