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S&P Credit Research950 word report
published Jan 15, 2009
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) Jan. 15, 2009--Standard&Poor's Ratings Services said today that it affirmed its 'A+/A-1' counterparty credit ratings on Deutsche Bank AG. The outlook remains stable. "This follows yesterday's announcement that Deutsche Bank suffered a net loss of €4.8 billion in the fourth quarter of 2008. According to the bank, this was mainly attributable to the combination of a substantial deleveraging and reduction in the trading books during a period of extreme volatility, correlation, and basis risk in the capital markets," said Standard&Poor's credit analyst Nick Hill. This had a severe effect on revenues in the global markets activity, particularly in credit trading, equity derivatives, and equity proprietary trading. Outside the global markets business, there
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| Brief Excerpt: | RESEARCH Ratings Definitions Deutsche Bank 'A+/A-1' Ratings Affirmed Following 2008 Loss; Outlook Remains Stable Publication date: 15-Jan-2009 Primary Credit Analyst: Nick Hill, London (44) 20-7176-7216; nick_hill@standardandpoors.com...
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| Report Type: | Ratings Action
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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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