...November 10, 2023 - Commerzbank has reached key milestones in its multiyear transformation and realignment of its business model, primarily focused on deep cost and efficiency measures, and now shows improving profitability. - This has laid the foundation to further improve its structural profitability under its ambitious revised strategic agenda announced Nov. 8, 2023. - We have therefore revised our rating outlook on Commerzbank to positive from stable and affirmed our 'A-/A-2' ratings. - The positive outlook indicates that we could raise the ratings if Commerzbank delivers on its financial targets and we observe strengthening resilience, while the bank maintains solid balance-sheet metrics. FRANKFURT (S&P Global Ratings) Nov. 10, 2023--S&P Global Ratings today revised its rating outlook on Commerzbank AG to positive from stable and affirmed its 'A-/A-2' long- and short-term issuer credit ratings. We affirmed our ratings on the bank's senior unsecured, senior subordinated, and hybrid...
