RJ Delta Renta II FCI -- Moody's downgrades ratings of 4 Argentine bond funds; also places 2 bond fund ratings under review for downgrade

Buenos Aires City, December 05, 2014 -- Moody's Latin America Agente de Calificación de Riesgo downgraded the ratings of four Argentine bond funds and placed on review for downgrade the ratings of two more funds. The action follows the deterioration of the credit quality of these funds over the past four months, mainly due to their higher exposure to sovereign, sub-sovereign securities and infrastructure projects rated below the funds previous rating level. Over the coming quarter, Moody's will monitor and assess the trends in the weighted average credit quality of the bond funds whose ratings were placed under review.

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