LONDON (Standard&Poor's CreditWire) May 17, 1999--Standard&Poor's today lowered its long-term ratings on Deutsche Bank AG and units, and removed the ratings from CreditWatch with negative implications, where they were placed on Nov. 23, 1998. Standard&Poor's also assigned its single-'A'-plus rating to the $650 million preferred trust securities issued by Deutsche Bank Capital Trust. At the same time, Standard&Poor's affirmed its short-term ratings on Deutsche Bank and related entities, and also affirmed its ratings on the Oeffentliche and Hypothekenpfandbriefe of Deutsche Bank's mortgage subsidiary, Europaeische Hypothekenbank der Deutschen Bank AG (Eurohypo). In addition, Standard&Poor's raised its ratings on Bankers Trust Corp. and units, and removed the ratings from CreditWatch with positive
