Mexico, April 25, 2014 -- Moody's de Mexico has upgraded the market risk ratings and affirmed the fund ratings of HSBC-DH, S.A. de C.V. (HSBCGOB2 or "the Fund"). The Fund is a bond fund managed by HSBC Global Asset Management (México), S.A. de C.V., Sociedad Operadora de Sociedades de Inversión (HSBC AM Mexico). The ratings actions are as follows:
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