Standard&Poor's Ratings Services announced various rating actions on 23 Deutsche Bank Securities Inc. Receipts and Deutsche Bank Securities Inc. Receipts (Series 1000) letter of credit (LOC)-backed issues. These actions follow Standard&Poor's July 2, 2013, lowering of its rating on Deutsche Bank AG to 'A/A-1' from 'A+/A-1' and subsequent removal of the rating from CreditWatch with negative implications (see, "S&PCORRECT: Mainly Negative Rating Actions Taken On 4 Large European Banks; Teleconference July 3, 2013, 2:00 p.m. BST", published July 3, 2013, on RatingsDirect). SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms
