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BULLETIN: Deutsche Bank AG Ratings Unchanged Following Mixed Third-Quarter 2004 Results Oct 04
Standard & Poors, Oct 2004
Abstract
FRANKFURT (Standard & Poor's) Oct. 29, 2004--Standard & Poor's Ratings Services said today that the ratings and outlook on Germany-based Deutsche Bank AG (AA-/Stable/A-1+) and its related entities remain unchanged following Deutsche Bank's report of third-quarter 2004 results. The results are generally in line with Standard & Poor's expectation of continued improvements in Deutsche Bank's operating and bottom-line profitability levels in 2004. Furthermore, the results indicate that the bank has continued to reduce its overall risk levels. Yet, they also reflect that the bank would increasingly have to struggle to narrow the profitability gap to similarly rated peers, if it were to rely on revenue growth alone to improve earnings. This is because market conditions for its trading activities and...
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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