Buenos Aires City, March 07, 2016 -- Moody's Latin America Agente de Calificación de Riesgo S.A. has withdrawn Pilisar S.A.'s B3/A1.ar backed senior unsecured bank credit facility rating for its own business reasons. At the same time, Moody's Investors Service has withdrawn Pilisar's Caa3 Corporate Family Rating (CFR) for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

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