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Asociacion de Cooperativas Argentinas Coop. -- Moody's changes to negative the outlook on Argentine Companies', affirms global and national scale ratings

Moody´s Latin America Agente de Calificación de Riesgo S.A. ("Moody's") has changed to negative from stable the outlook for several companies operating in Argentina. The global scale and national scale ratings were affirmed for these companies, with the exception of Arcor S.A.I.C., whose national scale rating was downgraded to Aa1.ar from Aaa.ar. Arcor S.A.I.C.´s global scale senior unsecured note's rating was affirmed at Ba3.