LONDON (Standard&Poor's CreditWire) Sept. 21, 2000--Standard&Poor's today revised the outlook for Deutsche Bank AG and related entities to stable from negative. At the same time, Standard&Poor's affirmed its double-'A' long-term counterparty credit, senior unsecured, and certificate of deposit debt ratings, as well as its double-'A'-minus subordinated debt rating and its 'A-1+' short-term counterparty credit, commercial paper, and short-term debt ratings on Deutsche Bank. A complete list of ratings is available on RatingsDirect, Standard&Poor's Web-based credit analysis system, or by calling the Standard&Poor's Ratings Desk on London (44) 20-7826-3540. The outlook revision reflects Deutsche Bank's strengthened investment banking franchise, its improving capital position, and increased financial flexibility following the German government's
