NY -- Standard&Poor's CreditWire 11/23/98 -- Standard&Poor's today placed its ratings of Deutsche Bank AG and units on Credit Watch with negative implications in response to the announcement of a possible merger with Bankers Trust Corp. (See list below) Standard&Poor's also affirmed its short-term ratings of Deutsche Bank and its oefentliche pfandbriefe rating on Europaesche Hypothenkenbank der Deutschen Bank. The mortgage pfandbriefe rating on Europaesche Hypothenkenbank der Deutschen Bank remains on CreditWatch with negative implications (See list below). In addition, Standard&Poor's ratings on Bankers Trust Corp. and units were placed on CreditWatch with positive implications (See list below). If the merger is consummated, Standard&Poor's will consider the impact of the
