Mexico, December 21, 2015 -- Moody's de Mexico has taken rating actions on Fondo BBVA Bancomer Deuda 11, S.A. de C.V. S.I.I.D. (B+PC), a bond fund managed by BBVA Bancomer Gestión, S.A. de C.V., Sociedad Operadora de Sociedades de Inversión. The ratings affected are the following:

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