Buenos Aires City, October 31, 2016 -- Moody's Latin America Agente de Calificación de Riesgo ("Moody's") has downgraded the rating of Electroingenieria S.A. (EISA)'s senior unsecured notes and its corporate family rating to Caa2 from Caa1 in the global scale and to B3.ar from Ba1.ar in the national scale. The outlook on the ratings was changed to negative from stable.

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