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Bulletin: Deutsche Bank AG Ratings Unaffected By Downturn In Third-Quarter Earnings Oct 07
Standard & Poors, Oct 2007
Abstract
FRANKFURT (Standard & Poor's) Oct. 3, 2007--Standard & Poor's Ratings Services said today that its ratings on Deutsche Bank AG (AA/Stable/A-1+) and its rated subsidiaries will not be affected by the announcement that third-quarter pretax earnings will be down about 33% year on year as a result of the recent market turmoil and the markdowns on its securities portfolio and loan commitments. With a small pretax loss in its securities and investment banking business, the impact has been substantial on this division, which was offset by nonrecurring profits and sound operating performance in its other business lines. Although market volatility means that current operating performance is disappointing in its corporate banking and securities division, the underlying earnings capacity of the...
Companies mentioned in this report are: Deutsche Bank 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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