Buenos Aires City, December 05, 2014 -- Moody's Latin America Agente de Calificación de Riesgo has affirmed Petrobras Argentina S.A.'s (Petrobras Argentina) USD300 million in guaranteed Series S notes (CUSIP 71646JAB5) at Baa2/Aaa.ar. The ratings affirmation reflects Moody's Investors Service's affirmation of Petrobras S.A.'s (Petrobras) global foreign currency and local currency debt ratings at Baa2 on December 3, 2014. The rating outlook is negative.

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