Banco Macro S.A. -- Moody's upgrades Argentina's financial institutions ratings

Buenos Aires City, April 21, 2016 -- Moody's Latin America Agente de Calificación de Riesgo S.A. (MLA) has today upgraded the global scale local and foreign currency deposit, issuer, corporate family, and/or debt ratings, as well as the baseline credit assessments, of 29 financial institutions, and upgraded the long term counterparty risk assessment of 24 banks. At the same time, Argentina Macro Profile was raised to Weak - from Very Weak. MLA also affirmed the BCAs of Banco de la Provincia de Córdoba and Banco Cetelem Argentina, and the BCA, global local currency deposits and debt ratings of Banco Finansur and Banco de Servicios y Transacciones, and the corporate family rating of Control Union Argentina. In addition, all corresponding NSR deposit, debt ratings, and corporate family ratings below Aaa.ar have been placed under review with direction uncertain.

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