Buenos Aires City, February 25, 2016 -- Moody's Latin America Agente de Calificación de Riesgo ("Moody's") has downgraded Quickfood's senior notes guaranteed by BRF S.A. to Ba1 from Baa2 in the global scale, while the national scale rating was confirmed at Aaa.ar. The rating action is in line with Moody's Investors Service downgrade of BRF's rating to Ba1 from Baa2, on February 25, 2016. The outlook of the guaranteed notes' rating is negative.

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