Three notches of uplift, owing to the potential for group support from the German savings banks. Strong market position from ties to the German savings banks sector. Adequate capital and liquidity positions. Slightly weaker and smaller franchise than peers'. Volatile pretax profits because of limited diversification and credit spread risks. Reliance on wholesale funding. Standard&Poor's Ratings Services' outlook on Germany-based DekaBank Deutsche Girozentrale is stable. This indicates that we don't expect substantial changes to our assessment of DekaBank's business and risk position or its group status within the next one or two years. In addition, we believe that DekaBank will maintain adequate capitalization, reflected in a risk-adjusted capital (RAC) ratio of about 7.5%, as a result of modest
