FRANKFURT (Standard&Poor's) Oct. 3, 2007--Standard&Poor's Ratings Services said today that its ratings on Deutsche Bank AG (AA/Stable/A-1+) and its rated subsidiaries will not be affected by the announcement that third-quarter pretax earnings will be down about 33% year on year as a result of the recent market turmoil and the markdowns on its securities portfolio and loan commitments. With a small pretax loss in its securities and investment banking business, the impact has been substantial on this division, which was offset by nonrecurring profits and sound operating performance in its other business lines. Although market volatility means that current operating performance is disappointing in its corporate banking and securities division, the underlying earnings capacity of the
