Ratings
Ratings
Ratings Deutsche Bank AG
Moody's Investors Service
| Bank Ratings | Rating | Last rating change | Outlook | |
| Counterparty Risk Assessment | A3 (cr) | May 23, 2016 | – | |
| Deposits | long-term short-term |
A3 P-2 |
May 23, 2016 May 23, 2016 |
Stable (affirmed March 6, 2017) – |
| Baseline Credit Assessment | ba1 | May 23, 2016 | – | |
| Issue Ratings | ||||
| Pfandbrief | Aaa | – | – | |
| 'Preferred' senior unsecured debt(1) | long-term short-term |
A3 P-2 |
November 21, 2016 May 23, 2016 |
– – |
| 'Non-preferred' senior unsecured debt(2) | long-term | Baa2 | May 23, 2016 | Negative (December 12, 2017) |
| Non-deferrable dated subordinated (Tier2) | Ba2 | May 23, 2016 | – | |
| Tier 1 | Legacy (Basel 2.5) AT1 (Basel 3) |
B1 B1 |
May 23, 2016 May 23, 2016 |
– – |
(1) Defined as senior-senior unsecured bank rating at Moody‘s
(2) Defined as senior unsecured debt rating at Moody's
Latest Reports Moody's
Moody's comment on CEO change (April 9, 2018)
Moody's issuer in-depth report (February 5, 2018)
Moody's on Deutsche Bank's Q4 results (February 2, 2018)
Standard & Poor's
| Bank Ratings | Rating | Last rating change | Outlook | |
| Stand-Alone Credit Profile | bbb | November 24, 2015 | – | |
| Issuer Credit Rating | long-term short-term |
A- A-2 |
March 28, 2017 June 9, 2015 |
Credit Watch Negative (April 12, 2018) – |
| Emissionsratings | ||||
| 'Preferred' senior unsecured debt(3) | long-term | A- | March 28, 2017 | – |
| 'Non-preferred' senior unsecured debt(4) | long-term | BBB- | March 28, 2017 | – |
| Non-deferrable dated subordinated (Tier 2) | BB+ | November 24, 2015 | – | |
| Tier 1 | Legacy (Basel 2.5) AT1 (Basel 3) |
B+ B+ |
February 11, 2016 February 11, 2016 |
– – |
(3) Defined as senior unsecured at S&P
(4) Defined as subordinated at S&P
Latest Reports Standard & Poor's
S&P puts ICR on negative watch (April 12, 2018)
S&P Full Rating Report (November 15, 2017)
S&P upgraded Deutsche Bank's ICR to A- (March 28, 2017)
Various Rating Actions Taken on Four Systemically Important German Banks (March 28, 2017)
Fitch Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
| Derivative Counterparty rating | A- (dcr) | September 28, 2017 |
– |
|
| Deposits | long-term short-term |
A- F2 |
September 28, 2017 September 28, 2017 |
– – |
| Issuer Default Rating | long-term short-term |
BBB+ F2 |
September 28, 2017 September 28, 2017 |
Stable (September 28, 2017) – |
| Viability Rating | bbb+ | September 28, 2017 |
– |
|
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(5) | A- | September 28, 2017 | – | |
| 'Non-preferred' senior unsecured debt(6) | long-term short-term |
BBB+ F2 |
September 28, 2017 September 28, 2017 |
– – |
| Non-deferrable dated subordinated (Tier 2) | BBB | September 28, 2017 | – | |
| Tier 1 | Legacy (Basel 2.5) AT1 (Basel 3) |
BB BB- |
September 28, 2017 September 28, 2017 |
– – |
(5) Defined as senior preferred debt rating at Fitch
(6) Defined as senior non-preferred debt and senior unsecured programme ratings at Fitch
Latest Reports Fitch Ratings
Fitch on Deutsche Bank's Q4 results (February 2, 2018)
Fitch Banks Ratings Navigator: Deutsche Bank AG (October 23, 2017)
Fitch downgrades Deutsche Bank to "BBB+"; outlook stable (September 28, 2017)
DBRS Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
| Critical Obligations Rating | long-term short-term |
A(high) R-1(middle) |
July 7, 2016 September 29, 2015 |
Stable (June 6, 2017) Stable (June 6, 2017) |
| Deposits | long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Stable (June 6, 2017) Stable (June 6, 2017) |
| Instrinsic Assessment | A (low) | July 7, 2016 | Stable (June 6, 2017) | |
| Issue Ratings | ||||
| Senior unsecured debt | long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Stable (June 6, 2017) Stable (June 6, 2017) |
Latest Reports DBRS Ratings
DBRS on Deutsche Bank's Management Changes (April 16, 2018)
DBRS on Deutsche Bank's Q4 results (February 5, 2018)
DBRS rating report (June 14, 2017)
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.
Disclaimer:
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.