Current Ratings

Deutsche Bank is rated by the leading independent rating agencies. Our current ratings are displayed below.

Ratings of Deutsche Bank Long term rating Outlook Stand-alone rating Short term rating
Moody's Investors Service* Baa1 negative baa3 P-1
Standard & Poor's BBB+ stable bbb A-2
Fitch Ratings A- stable a- F1
DBRS Ratings A stable a R-1 (low)

A credit rating is an assessment of the solvency or credit-worthiness of debitors and/or bond-issuers according to established credit review procedures. These ratings and associated research help investors analyse the credit risks associated with fixed-income securities by providing detailed information of the ability of issuers to meet their obligations. For the issuers of fixed income securities, credit ratings can provide greater market liquidity for their securities and reduced transaction costs. A rating is being continuously monitored. It enables investors to measure their investment risk.

*The Moody's ratings shown are senior unsecured long-term debt ratings or senior unsecured short-term debt ratings. The long-term deposit rating for Deutsche Bank AG is A2 (negative outlook). The short-term deposit rating is P-1.

Bond-rating symbols
  • Group 1: AAA, AA (S&P, Fitch, DBRS) / Aaa, Aa (Moody's)
    Obligations with the highest credit quality, unlikely to be significantly affected by future events.

  • Group 2: A, BBB (S&P, Fitch, DBRS) / A, Baa (Moody's)
    Obligations with good credit quality. The capacity for repayment of financial commitments is considered strong or adequate .

  • Group 3: BB, B, CCC, CC, (S&P, Fitch, DBRS) / C (Moody's)
    Obligations with elevated vulnerability to credit risk. The capacity of financial commitments is uncertain.

  • Group 4: C, D (S&P, Fitch) / C (Moody's), D (DBRS)
    Obligations with very high credit risk or in payment default.

    In each of the groups above there are various gradations of credit-worthiness. The addition of a "plus" (+) or a "minus" (-) to a S&P or Fitch rating, a number (1-3) to a Moody’s rating or “high” or “low” to a DBRS rating shows the relative standing within the major rating categories.

The rating agency reports we have compiled constitute publicly accessible information. We have merely chosen to publish them on our website as an additional service for our shareholders and investors. These reports do not necessarily represent the opinion of Deutsche Bank AG, nor should they be seen as a recommendation to buy Deutsche Bank shares. Deutsche Bank accepts no liability for the completeness, timeliness, accuracy or selection of such information.

Moody's Investors Service

Moody's on Deutsche Bank

January 29, 2016 January 28, 2016 January 25, 2016
Website Moody's
Standard & Poor's

Standard & Poor's on Deutsche Bank

November 24, 2015 August 21, 2015 June 9, 2015
Website Standard and Poor's
Fitch Ratings

Fitch Ratings
on Deutsche Bank

January 28, 2016 December 8, 2015
Website Fitch Ratings
DBRS Ratings

DBRS Ratings on Deutsche Bank

February 1, 2016 September 29, 2015 March 10, 2015
Website DBRS Ratings
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