FRANKFURT (Standard&Poor's) Feb. 10, 2003--Standard&Poor's Ratings Services said today that the performance of Deutsche Bank AG (AA-/Stable/A-1+) for the fourth quarter ending Dec. 31, 2002, was in line with Standard&Poor's expectations, and will not result in a revision of the ratings or outlook on Deutsche Bank and its related entities. Deutsche Bank has remained on track to achieve its announced cost-savings targets, has continued to divest noncore activities, and has maintained superior capital strength. "The group's core profitability remains weak, however, and continues to lag behind international peers in the same rating category. Consequently, the ratings on Deutsche Bank also rely on Standard&Poor's expectation that Deutsche Bank will be able to restore
