LONDON (Standard&Poor's CreditWire) April 11, 2000--Following the decision by Dresdner Bank AG to discontinue its merger process with Deutsche Bank AG, Standard&Poor's today removed the ratings on both banks from CreditWatch with developing implications, where they were placed on March 9, 2000. At the same time, Standard&Poor's lowered the long-term counterparty credit rating of Dresdner Bank to double-'A'-minus from double-'A' and affirmed the double-'A' long-term rating on Deutsche Bank. See list below for other ratings affected by the planned merger. The outlook on both banks is negative. The downgrade of Dresdner Bank reflects Standard&Poor's concerns about the impact of the collapsed merger on Dresdner Bank's investment banking franchise, and the bank's ability
