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S&P Credit Research782 word report
published Jul 29, 2009
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S&P Credit Research
| Abstract: | FRANKFURT (Standard&Poor's) July 29, 2009--Standard&Poor's Ratings Services said today its ratings and outlook on Germany-based Deutsche Bank AG (A+/Stable/A-1) and related entities remain unchanged, following Deutsche Bank's announcement yesterday of a €1.3 billion pretax profit for the second quarter of 2009. In line with many peers, Deutsche Bank reported relatively strong results from its sales and trading division, which benefited from a favorable trading environment and its strong position in many customer-flow-oriented products. As a result, Corporate Banking&Securities recorded a €1.6 billion profit before loan loss provisions, after deducting €0.5 billion in charges for a legal settlement, markdowns, and severance. Furthermore, Deutsche Bank's Basel II Tier 1 capital ratio further improved to 11.0% as
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| Brief Excerpt: | RESEARCH Ratings Definitions Deutsche Bank AG Ratings And Outlook Unchanged By Announcement Of Mixed Second-Quarter Earnings Publication date: 29-Jul-2009 Primary Credit Analyst: Bernd Ackermann, Frankfurt (49) 69-33-999-153; bernd_ackermann@standardand...
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| Report Type: | News
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| Ticker: | DBK@GR
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| Issuer: | Deutsche Bank AG
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| GICS: | Diversified Capital Markets (40203030)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | Germany
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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