LONDON (Standard&Poor's) Oct. 8, 2015--Standard&Poor's Ratings Services said today that its ratings on Deutsche Bank AG (BBB+/Stable/A-2) are unaffected by the bank's announcement that it expects to include material, mostly non-cash charges in its third-quarter results. These charges comprise a €5.8 billion write-down of goodwill and intangibles; a €0.6 billion impairment of the carrying value of the stake in China's Hua Xia Bank, which Deutsche Bank now views as nonstrategic; and €1.2 billion in additional litigation provisions. Only the litigation charge will have a material impact on Deutsche Bank's regulatory capital ratios, and it expects to report a fully loaded common equity Tier 1 ratio of about 11% as at Sept. 30, down from 11.4% at
