Creditreform Rating affirmed the long-term issuer rating of Deutsche Bank AG at A-. The outlook remains stable. In addition, Creditreform Rating has also affirmed the rating of Additional Tier 1 capital at BB, the rating of Tier 2 capital at BB+, the rating of Non-Preferred Senior Unsecured debt at BBB+ and the rating of Preferred Senior Unsecured debt at A-. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating has raised the rating on Deutsche Bank to A- from BBB+. The outlook is stable. Creditreform Rating has also raised the rating of the Additional Tier 1 capital to BB from BB-, the rating of the Tier 2 capital to BB+ from BB and the rating of the Non-preferred Senior Unsecured debt to BBB+ from BBB. In addition, the rating of the Preferred Senior Unsecured was raised to A- from BBB+.
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
Creditreform Rating has revised its outlook on the Deutsche Bank (Group) to negative from watch negative and affirmed the rating of Deutsche Bank (Group) at BBB+. Creditreform Rating has also affirmed the rating of BB- of Additional Tier 1, the rating of BB of Tier 2 and the rating of BBB+ of the Preferred Senior Unsecured. The rating of Non-Preferred Senior Unsecured Debt was confirmed at BBB. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has affirmed the rating of Deutsche Bank AG at BBB+. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 Capital at BB- and the rating of Tier 2 Capital at BB. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was affirmed at BBB+. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to BBB.