DBRS revises Deutsche Bank to negative

DBRS said it confirmed the ratings of Deutsche Bank AG, including its senior unsecured debt and deposits rating of A (low), short-term debt and deposits rating of R-1 (low), and its A (high)/R-1 (middle) critical obligations ratings.

The trend on all ratings was revised to negative, with the exception of the short-term debt and deposits rating where the trend remains stable.

The bank’s intrinsic assessment was confirmed at A (low).

DBRS said the negative trend reflects its perception of added pressure on Deutsche Bank’s credit fundamentals, being driven by weakened investor, counterparty and client confidence, which DBRS sees as resulting from the cumulative impact of various stress events during 2016 that have intensified in recent weeks.

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