Buenos Aires City, May 30, 2016 -- Moody's Latin America Agente de Calificación de Riesgo has upgraded the national scale bond fund rating of CMA Argentina FCI (the Fund) to A-bf.ar from Baa-bf.ar. Moody's has also affirmed the Fund's B-bf global scale bond fund rating. This rating action concludes Moody's review for upgrade of CMA Argentina FCI which began on 13 May 2016. The Fund is a medium-term Argentine bond fund domiciled managed by Capital Markets SGFCI. SA.

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