LONDON (Standard&Poor's CreditWire) April 5, 2000-- Standard&Poor's today announced that the ratings on Deutsche Bank AG and Dresdner Bank AG remain on CreditWatch with developing implications following today's announcement that the board of managing directors of Dresdner Bank AG has unanimously decided to discontinue the merger process with immediate effect. (See list below for all ratings affected.) Standard&Poor's will continue to closely monitor the situation, and will meet with both banks' managements to discuss the rationale for this decision and the strategic implications for both banks. The ratings were placed on CreditWatch with developing implications on March 10, 2000, following the announcement of a planned merger between the two banks, Standard&Poor's said.
