Mexico, December 20, 2013 -- Moody's de México changed the outlook on Deutsche Bank México, S.A.'s (DB Mexico) supported deposit ratings to negative, from stable. These include DB Mexico's long-term and short- term global local currency (GLC) and foreign currency deposit ratings of Baa2 and Prime-2, and long-term and short- term Mexican National Scale deposit ratings of Aa1.mx and Prime-2. The outlook on the bank's D standalone bank financial strength rating was unaffected by this rating action.

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