European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Deutsche Bahn AG

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
AA Outlook NEG 22.09.2020 28.09.2020
AA Outlook STA 18.10.2017 20.10.2017
AA Outlook STA 07.10.2016 14.10.2016


  • 28.09.2020
    Creditreform Rating has confirmed the unsolicited corporate issuer rating of Deutsche Bahn AG with AA and changed the outlook from stable to negative.
    Based on the slightly worsened financial figures for the 2019 financial year, the close relationship to the Federal Republic of Germany, and as a result the classification as a government-related company continues to be decisive for the high rating level. We continue to assume that the owner, the Federal Republic of Germany, will support Deutsche Bahn AG financially in a crisis scenario. The negative outlook is primarily due to the pandemic and effects resulting from the current and expected economic situation, which could have a considerable negative impact on the business and earnings development as well as the Group's internal operating financing power in the current 2020 financial year and could further increase its debt-level.
  • 20.10.2017
    Creditreform Rating has updated the unsolicited corporate rating of Deutsche Bahn AG.