Ratings
Ratings
Ratings Deutsche Bank AG
Moody's Investors Service
| Bank Ratings | Rating | Last rating change | Outlook | |
| Counterparty Risk | A3 | June 13, 2018 | – | |
| Deposits | long-term short-term |
A3 P-2 |
May 23, 2016 May 23, 2016 |
Stable (November 3, 2020) – |
| Issuer Rating | long-term | A3 | August 3, 2018 | Stable (November 3, 2020) |
| 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 |
Stable (November 3, 2020) – |
| 'Non-preferred' senior unsecured debt(2) | long-term | Baa3 | August 3, 2018 | – |
| Non-deferrable dated subordinated (Tier 2) | 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 unsecured debt rating at Moody‘s
(2) Defined as junior senior unsecured debt rating at Moody's
Latest Reports Moody's
Moodys's issuer comment on FY20 results (February 4, 2021)
Moody's Credit Opinion following deep dive (December 9, 2020)
Moody's Credit Opinion following upgrade in outlook (November 3, 2020)
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 |
BBB+ A-2 |
June 1, 2018 June 9, 2015 |
Negative (April 23, 2020) – |
| Emissionsratings | ||||
| 'Preferred' senior unsecured debt(3) | long-term | BBB+ | June 1, 2018 | – |
| '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 senior subordinated at S&P
Latest Reports Standard & Poor's
S&P bulletin following FY20 results (February 4, 2021)
S&P bulletin following deep dive (December 9, 2020)
S&P full annual rating report (July 16, 2020)
Fitch Ratings
| Ratings | Rating | Last rating change | Outlook | |
| Derivative Counterparty rating | BBB+ (dcr) | June 7, 2019 | – | |
| Deposits | long-term short-term |
BBB+ F2 |
June 7, 2019 June 7, 2019 |
– – |
| Issuer Default Rating | long-term short-term |
BBB F2 |
June 7, 2019 June 7, 2019 |
Positive (January 25, 2021) – |
| Viability Rating | bbb | June 7, 2019 | – | |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(5) | long-term short-term |
BBB+ F2 |
June 7, 2019 June 7, 2019 |
– – |
| 'Non-preferred' senior unsecured debt(6) | long-term |
BBB |
June 7, 2019 |
– |
| Non-deferrable dated subordinated (Tier 2) | BB+ | March 27, 2020 | – | |
| Tier 1 | Legacy (Basel 2.5) AT1 (Basel 3) |
BB- BB- |
June 7, 2019 October 12, 2020 |
– – |
(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 Rating
Fitch revises Deutsche Bank's outlook to positive (January 25, 2021)
Fitch upgrades Deutsche Bank’s AT1 instruments (October 12, 2020)
Fitch full rating report (July 15, 2020)
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 |
Negative (July, 3 2020) Stable (June 6, 2017) |
| Deposits | long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Negative (July, 3 2020) Stable (June 6, 2017) |
| Issuer Rating | long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Negative (July, 3 2020) Stable (June 6, 2017) |
| Intrinsic Assessment | A(low) | May 9, 2018 | Negative (July, 3 2020) | |
| Issue Ratings | ||||
| Senior debt | long-term short-term |
A(low) R-1(low) |
July 27, 2018 September 29, 2015 |
Negative
(July, 3 2020) Stable (June 6, 2017) |
| Senior non-preferred debt | long-term | BBB(high) | July 27, 2018 | Negative (July, 3 2020) |
Latest Reports DBRS Ratings
DBRS on Q4 2020 Earnings results (February 5, 2021)
DBRS rating report on DB (July 20, 2020)
DBRS confirms DB rating (July 3, 2020)
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.