Deutsche Bank AG — Moody’s downgrades Deutsche Bank’s ratings only two notches above JUNK!

Moody’s Investors Service has today downgraded the ratings of Deutsche Bank AG and affiliates, including the bank’s long-term deposit rating, to A3 from A2, its senior unsecured debt rating to Baa2 from Baa1, its standalone baseline credit assessment (BCA) to ba1 from baa3, and its counterparty risk assessment to A3(cr) from A2(cr). Deutsche Bank’s short-term ratings and short-term counterparty risk assessments were also downgraded to Prime-2 from Prime-1 and to Prime-2(cr) and Prime-1(cr), respectively. Today’s rating action reflects the increased execution challenges Deutsche Bank faces in achieving its strategic plan.

http://investmentwatchblog.com/deutsche-bank-ag-moodys-downgrades-deutsche-banks-ratings-only-two-notches-above-junk-its-post-crisis-mortgage-positions-are-being-probed-by-sec-halts-some-bonus-payments/

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