Three notches of uplift, owing to the potential for extraordinary group support from the German savings banks association. One of four leading domestic asset managers thanks to close ties with the savings banking sector. Adequate capital and liquidity positions. Slightly weaker and smaller franchise than peers'. Volatile pretax profits because of limited diversification and credit spread risks. Reliance on wholesale funding. Standard&Poor's Ratings Services' outlook on Germany-based DekaBank Deutsche Girozentrale (DekaBank) is stable. This indicates that we don't expect any substantial changes to our assessment of DekaBank's stand-alone credit profile (SACP) nor its group status within the next one or two years. We believe that DekaBank will maintain adequate capitalization, reflected in our forecast risk-adjusted capital (RAC) ratio
