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Bulletin: Deutsche Bank AG Ratings And Outlook Unchanged Following News Of Strong Third-Quarter Earnings Oct 09
Standard & Poors, Oct 2009
Abstract
PARIS (Standard & Poor's) Oct. 29, 2009--Standard & Poor's Ratings Services said today its ratings and outlook on Germany-based Deutsche Bank AG (A+/Stable/A-1) and related entities remain unchanged following the bank's announcement of -1.3 billion in pretax income in the third quarter of 2009 and the acquisitions of private bank Sal. Oppenheim jr. & Cie S.C.A. (unrated) and parts of ABN-AMRO's Dutch commercial banking network. Deutsche Bank's strong global position in fixed income and equities and favorable conditions in these markets explained its performance in the quarter. Market conditions continued to favor securities sales and trading due to high volumes of bond issuance, a positively sloped yield curve, still-wide bid-offer spreads, and reduced competition in the securities business. Revenues (net...
Companies mentioned in this report are: Deutsche Bank AG,Deutsche Postbank AG
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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