Buenos Aires City, February 26, 2015 -- Moody's Latin America Agente de Calificación de Riesgo downgraded the global scale rating on Petrobras Argentina S.A.'s (Petrobras Argentina) USD 300 million in guaranteed Series S notes (CUSIP 71646JAB5) to Ba2 from Baa3 and maintained the Ba2 rating and the Aaa.ar national scale rating on review for further downgrade. The rating actions reflect Moody's Investors Service's rating action on February 24, 2015 of downgrading Petrobras S.A.'s (Petrobras) global debt ratings to Ba2 from Baa3. The ratings remain on review for further downgrade.

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