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Fitch rates Deutsche preferreds A+
Fitch Ratings said it assigned Deutsche Bank AG's Capital Funding Trust XI's forthcoming €1.25 billion issue of perpetual, non-cumulative and non-voting trust preferred securities an expected long-term rating of A+.
Deutsche Bank AG's long-term issuer default rating is AA-.
The outlook is negative.
The trust preferred securities are callable at the issuer's option beginning on March 31, 2015.
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