...LONDON (S&P Global Ratings) March 6, 2017--S&P Global Ratings said today that it is maintaining its CreditWatch with positive implications on its long-term issuer credit rating on Deutsche Bank AG (###+/Watch Pos/A-2). In addition, the '###+' issue ratings on the bank's long-term senior unsecured debt remain on CreditWatch with developing implications. Deutsche Bank announced yesterday a series of capital strengthening measures and strategic changes. A fully underwritten equity increase of about 8 billion will raise the year-end 2016 fully loaded common equity Tier 1 (FLCET1) ratio by 220 basis points to 14.1% on a pro forma basis. In addition, over the next 18-24 months, Deutsche Bank intends to sell a minority stake in its asset management unit and divest certain other businesses that would, in aggregate, create up to 2 billion of additional capital accretion. On the strategic side, German retail and commercial banking subsidiary Postbank will be retained and integrated with Deutsche...
