Buenos Aires City, August 26, 2015 -- Moody's Latin America Agente de Calificación de Riesgo (Moody's) assigned today a (P)A2 global debt rating, in local-and-foreign currency, and a Aaa.ar national scale debt rating to Caterpillar Financial Services Argentina S.A.'s (CFSA) backed senior MTN multicurrency debt program of up to ARS300 million or its equivalent in other currencies to be issued in the local market. At the same time, Moody's also assigned an A2 global scale debt rating, and a Aaa.ar national scale debt rating to the first issuance under the program of up to ARS120 million. CFSA's debt ratings are based on an irrevocable and unconditional guarantee provided by its parent company Caterpillar Financial Services Corporation (CFSC), rated A2, with a stable outlook. The ratings consider Moody's core principles for credit substitution in light of the features of the CFSC debt guarantee. These principles are described in "Moody's Identifies Core Principles of Guarantees for Credit substitution".

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