Summary: Deutsche Bank AG Mar 05

Standard & Poors, March 2005

Abstract
The ratings on Deutsche Bank AG are based on the group's strong market position and franchise in some of its business lines, sound risk management, good liquidity, and a satisfactory capital base. The ratings also reflect Standard & Poor's expectation of further improvements in profitability, which is still lagging that of many similarly or higher rated international banks. Despite recent improvements in retail banking, Deutsche Bank is likely to continue exhibiting a relatively high reliance on investment-banking activities, partly reflecting the difficult domestic banking environment and its weaker position in private-wealth management compared with some of its peers. Deutsche Bank maintains strong market positions in many areas of corporate and investment banking, particularly in debt sales and trading in Europe,...

Companies mentioned in this report are:
- Deutsche Bank AG

Action: Review

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Deutsche Bank AG

Customers who bought this item also bought

• The Turkey Defense Industry - Competitive Landscape and Strategic Insights to 2017: Market Profile
• Ghana Infrastructure Report Q1 2012
• Research Report on Chinese Securities Industry, 2009
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• The Pakistani Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
• South Africa Defence and Security Report Q3 2011
• The Turkish Defense Industry - Competitive landscape and Strategic Insights to 2016: Market Profile
• Annual Deal Report – Defense
• Iran Defence and Security Report Q3 2013
• Government Guarantees - In Focus