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BULLETIN: Deutsche Bank AG Ratings Unaffected by Share Buyback Program Sep 03
Standard & Poors, Sep 2003
Abstract
FRANKFURT (Standard & Poor's) Sept. 4, 2003--Standard & Poor's Ratings Services said today the announcement by Deutsche Bank AG (AA-/Negative/A-1+) that it will start buying back up to 10% of its share capital by September 2004 will have no impact on the ratings on the bank. This is because the share buyback will not result in changes to the bank's capital targets, and should not affect Deutsche Bank's capital quality. Deutsche Bank remains committed to its capital target range of an 8%-9% Bank for International Settlements Tier 1 ratio. The bank plans to return to shareholders only those amounts that are not required to meet this target or support future growth. Potential sources for share buybacks will be the bank's...
Companies mentioned in this report are: Deutsche Bank AG
Action: S&P Event
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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