FIX SCR is the local affiliate in Argentina, Paraguay and Uruguay of Fitch Ratings, one of the three major international agencies. FIX is a leading rating agency in its region, committed to developing accurate, timely and prospective credit opinions and financial information to investors and capital markets. FIX provides key insights and analysis which are critical to the financial community. Rating services are FIX primary business area (mainly credit ratings, although ESG ratings and green, social and sustainable ratings services are being incorporated successfully since 2017). FIX also provides research (credit perspectives, macroeconomic outlooks and sus- tainable finance input), courses and financial tools for investors. FIX covers all sectors with a strong market share in all of the Southern Cone Region of LatAm. FIX rated more than 80% of corporates, financial entities and structured finance issuances in Argentina (its main market) during 2020. Leadership was also maintained in the subsovereign segment, and in non-issuer markets such as asset managers and SGRs covering the majority of these entities. FIX is leader in the corporates, project finance and asset management ratings segments in Uruguay (above 80% of the market) with a very strong presence in banks and structured finance as well. Since operations in Paraguay were started in 2018 FIX has been increasing its footprint and leadership within the ban- king sector. The new ESG business vertical includes ESG ratings, ESG research, sustainable finance learning solutions and green, social and sustainable ratings. FIX has been pioneer in this matter being the first rating agency to have a public methodology for ESG ratings appro- ved by the regulators in Argentina (Comisión Nacional de Valores), Paraguay (Comisión Nacional de Valores) and Uruguay (Banco Central del Uruguay). The same happened with green, social and sustainable bonds where FIX has rated most of the issuances (credit and green bond ratings) in Argentina, including those that integrated “BYMA (Bolsas y Merca- dos Argentinos) Green-Social-Sustaineble Index” .

fixscr.com (local) Fitch´s local presence through an affiliated company in the Southern Cone Region is part of a global strategy that has also been successful in other countries within LatAm and the rest of the world: global standards, skills and procedures become enhanced by local focus on increasing investor´s needs and regulatory requirements. Totally devoted to the Southern Cone market, and building on Fitch´s global reputation for quality and integrity, FIX is better placed to serve the needs of local investors, issuers and regulators.

Fitch Ratings is the leading agency in Latin America rating more corporates, financial entities, infrastructure projects and structured finance deals than any other agency (including 94% of JP Morgan´s Corporate Emerging Market Bond Index –CEMBI-) Fitch Group is a global leader in financial information, providing critical insights that inform better decision-making in financial markets. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, an authority in credit and macro intelligence providing fixed-income products and services to the global financial community; and Fitch Lear- ning, a preeminent source of training and professional development. Fitch Group is fully owned by Hearst Corporation, one of the largest diversified media, informa- tion and services companies with more than 360 businesses. Its major interests include owners- hip in cable television networks such as A&E, HISTORY, Lifetime and ESPN; global ratings agency Fitch Group; Hearst Health, a group of medical information and services businesses; 31 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, Calif., which reach a combined 19 percent of U.S. viewers; newspapers such as the , and Albany , nearly 300 magazines around the world including Cosmopolitan, ELLE, Harper's BAZAAR and ; digital services businesses such as iCrossing and KUBRA; and investments in emerging digital and video companies such as , Awesome- nessTV, BuzzFeed and Vice. Hearst and Fitch share a commitment to innovation and helping clients utilize information to make smarter decisions.

fitchratings.com (global)