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Preliminary Ratings Assigned to Deutsche Bank's Sovereign Obligations Securitization Jul 01 Product Image

Preliminary Ratings Assigned to Deutsche Bank's Sovereign Obligations Securitization Jul 01

  • Published: July 2001
  • Standard & Poors

Abstract
LONDON (Standard & Poor's CreditWire) July 10, 2001--Standard & Poor's today assigned its preliminary ratings to the €29.9 million floating-rate notes due July 2006 to be issued by Deutsche Bank AG (AA/Stable/A-1+) under its Repon 17 securitization (see list below). The repayment of the class A, B, and C notes is an obligation of Deutsche Bank AG and is linked to the performance of a €175 million static reference portfolio of emerging market sovereign reference entities. The preliminary ratings reflect the credit support in the form of subordination provided by the first loss piece, the credit risk of the reference portfolio, the review of the mechanics of the credit default swap, and the rating of an existing European medium-term note...

Companies mentioned in this report are:
- Deutsche Bank AG

Action: New Rating

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- Deutsche Bank AG

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