LONDON -- Standard&Poor's CreditWire 8/26/98 -- Standard&Poor's today lowered to double-'A'-plus from triple-'A' its counterparty credit and senior unsecured debt ratings of Deutsche Bank AG and related entities (see list below). The outlook is negative. The 'A-1'-plus ratings were affirmed. At the same time, the ratings were removed from CreditWatch where they were placed with negative implications Jan. 28, 1998. The downgrade reflects Standard&Poor's view of Deutsche Bank's problems to successfully integrate its investment and commercial banking activities, and the failure of a substantial improvement of its profitability and capitalization levels over recent years. While a far reaching restructuring program aims to address these issues, Deutsche Bank's former pre-eminent position has suffered to an
