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Main » 2016 » March » 22 » Moody's may downgrade the credit rating of Deutsche Bank
Moody's may downgrade the credit rating of Deutsche Bank

International rating agency stated that Deutsche Bank has placed the ratings on review for possible further downgrade , citing the obstacles faced by the biggest German bank, planned over the next three years to strengthen and stabilize profitability.



Agency Moody's Investors Service has taken the decision only a few days after the German bank warned that volatility in financial markets in the first quarter - which, as a rule, is considered a strong season for the banks - a problem for the entire sector.


Under the revision of the agency's got long-term rating on deposits Deutsche Bank at «A2», assessment of risk of default by the bank of its obligations at the level of «A2 (cr)», senior unsecured debt rating to «Baa1» level, the basic credit rating of the financial conglomerate «baa3», as well as short-term credit rating at the level «P-1" ( "first-class").

On Monday, Moody's reported that in the revision of the ratings agency's analysts focus on the details of the bank's plan for the 2016-2017 year.



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