Ratings
Ratings Deutsche Bank AG
Moody's Investors Service
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Counterparty Risk |
long-term short-term |
A2(cr) P-1(cr) |
August 04, 2021 August 04, 2021 |
– – |
| Deposits |
long-term short-term |
A2 P-1 |
August 04, 2021 August 04, 2021 |
Positive (August 04, 2021) – |
| Issuer Rating | long-term | A2 | August 04, 2021 | Positive (August 04, 2021) |
| Baseline Credit Assessment | baa3 | August 04, 2021 | – | |
| Issue Ratings | ||||
| Pfandbrief | Aaa | – | – | |
| 'Preferred' senior unsecured debt(1) |
long-term short-term |
A2 P-1 |
August 04, 2021 August 04, 2021 |
Positive (August 04, 2021) – |
| 'Non-preferred' senior unsecured debt(2) | long-term | Baa2 | August 04, 2021 | – |
| Non-deferrable dated subordinated (Tier 2) | Ba1 | August 04, 2021 | – | |
| Additional Tier 1 | Ba3 | August 04, 2021 | – | |
(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
Moody’s credit opinion update (June 21, 2022)
Moody’s issuer comment on Q1 2022 results (April 27, 2022)
Moody’s issuer comment on Investor Deep Dive (March 10, 2022)
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 |
November 9, 2021 June 9, 2015 |
Stable (November 9, 2021) – |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(3) | long-term | A- | November 9, 2021 | – |
| 'Non-preferred' senior unsecured debt(4) | long-term | BBB- | March 28, 2017 | – |
| Non-deferrable dated subordinated (Tier 2) | BB+ | November 24, 2015 | – | |
| Additional Tier 1 | BB- | February 26, 2021 | – | |
(3) Defined as senior unsecured at S&P
(4) Defined as senior subordinated at S&P
Latest Reports Standard & Poor's
S&P full report on Deutsche Bank (May 24, 2022)
S&P update on Deutsche Bank following Investor Deep Dive (March 10, 2022)
S&P update on Deutsche Bank following rating upgrade (November 24, 2021)
Fitch Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Derivative Counterparty Rating | A- (dcr) | September 23, 2021 | – | |
| Deposits |
long-term short-term |
A- F2 |
September 23, 2021 June 7, 2019 |
– – |
| Issuer Default Rating |
long-term short-term |
BBB+ F2 |
September 23, 2021 June 7, 2019 |
Positive (September 23, 2021) |
| Viability Rating | bbb+ | September 23, 2021 | – | |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(5) |
long-term short-term |
A- F2 |
September 23, 2021 June 7, 2019 |
– – |
| 'Non-preferred' senior unsecured debt(6) | long-term | BBB+ | September 23, 2021 | – |
| Non-deferrable dated subordinated (Tier 2) | BBB- | September 23, 2021 | – | |
| Additional Tier 1 | BB | September 23, 2021 | – | |
(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 update on Deutsche Bank (March 31, 2022)
Fitch upgrades Deutsche Bank to 'BBB+'; maintains positive outlook (September 23, 2021)
Fitch update on Deutsche Bank (September 1, 2021)
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 (July, 1 2021) Stable (June 6, 2017) |
| Deposits |
long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Stable (July, 1 2021) Stable (June 6, 2017) |
| Issuer Rating |
long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Stable (July, 1 2021) Stable (June 6, 2017) |
| Intrinsic Assessment | A(low) | May 9, 2018 | Stable (July, 1 2021) | |
| Issue Ratings | ||||
| Senior debt |
long-term short-term |
A(low) R-1(low) |
July 27, 2018 September 29, 2015 |
Stable (July, 1 2021) Stable (June 6, 2017) |
| Senior non-preferred debt | long-term | BBB(high) | July 27, 2018 | Stable (July, 1 2021) |
Latest Reports DBRS Ratings
DBRS on Q1 2022 results (April 28, 2022)
DBRS on FY 2021 Earnings results (January 28, 2022)
DBRS full rating report (July 16, 2021)
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.