Mexico, June 13, 2016 -- Moody's de Mexico has taken rating actions on HSBC-D2, S.A. de C.V (HSBC-D2) and on HSBC-D9, S.A. de C.V. (HSBCEMP), two bond funds managed by HSBC Global Asset Management (Mexico), S.A. de C.V. Sociedad Operadora de Sociedades de Inversión. following the publication of Moody's updated methodology "Mapping Moody's National Scale Rating from Global Scale Ratings". The rating actions are as follows:

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