TIPS UVR U-2

The Technical Committee of BRC Investor Services S.A. SCV in periodic review affirms credit ratings of Tips UVR U-2 Tranches A, B and MZ; and downgrade rating of Tranche C to BB+

TIPS Pesos N-13

The Technical Committee of BRC Investor Services S.A. SCV in extraordinary review affirms credit ratings of Tips Pesos N-13; and for the tranche B-2 remains the status of a Negative Credit Watch

TIPS Pesos N-14

The Technical Committee of BRC Investor Services S.A. SCV in periodic review affirms credit ratings of Tips Pesos N-14 tranches A and B and downgraded rating of tranche MZ. For the last two tranches assign a Negative Credit Watch

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