Ratings
Ratings Deutsche Bank AG
Moody's Investors Service
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Counterparty Risk |
long-term short-term |
A1(cr) P-1(cr) |
October 12, 2022 August 04, 2021 |
– – |
| Deposits |
long-term short-term |
A1 P-1 |
October 12, 2022 August 04, 2021 |
Stable (October 12, 2022) – |
| Issuer Rating | long-term | A1 | October 12, 2022 | Stable (October 12, 2022) |
| Baseline Credit Assessment | baa2 | October 12, 2022 | – | |
| Issue Ratings | ||||
| Pfandbrief | Aaa | – | – | |
| 'Preferred' senior unsecured debt(1) |
long-term short-term |
A1 P-1 |
October 12, 2022 August 04, 2021 |
Stable (October 12, 2022) – |
| 'Non-preferred' senior unsecured debt(2) | long-term | Baa1 | October 12, 2022 | – |
| Non-deferrable dated subordinated (Tier 2) | Baa3 | October 12, 2022 | – | |
| Additional Tier 1 | Ba2 | October 12, 2022 | – | |
(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 issuer comment on Q4/FY 2023 results (February 2, 2024)
Moody's credit opinion on Deutsche Bank (December 4, 2023)
Moody’s issuer comment on Q3 2023 results (October 25, 2023)
Standard & Poor's
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Stand-Alone Credit Profile | bbb+ | December 8, 2023 | – | |
| Issuer Credit Rating |
long-term short-term |
A A-1 |
December 8, 2023 December 8, 2023 |
Stable (December 8, 2023) – |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(3) | long-term | A | December 8, 2023 | – |
| 'Non-preferred' senior unsecured debt(4) | long-term | BBB | December 8, 2023 | – |
| Non-deferrable dated subordinated (Tier 2) | BBB- | December 8, 2023 | – | |
| Additional Tier 1 | BB | December 8, 2023 | – | |
(3) Defined as senior unsecured at S&P
(4) Defined as senior subordinated at S&P
Latest Reports Standard & Poor's
S&P issuer comment on Q4 2023 results (February 1, 2024)
S&P update on Deutsche Bank (December 12, 2023)
S&P upgrades Deutsche Bank to 'A'; Outlook Stable (December 8, 2023)
Fitch Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Derivative Counterparty Rating | A (dcr) | July 3, 2023 | – | |
| Deposits |
long-term short-term |
A F1 |
July 3, 2023 July 3, 2023 |
– – |
| Issuer Default Rating |
long-term short-term |
A- F2 |
July 3, 2023 June 7, 2019 |
Stable (July 3, 2023) |
| Viability Rating | a- | July 3, 2023 | – | |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(5) |
long-term short-term |
A F1 |
July 3, 2023 July 3, 2023 |
– – |
| 'Non-preferred' senior unsecured debt(6) | long-term | A- | July 3, 2023 | – |
| Non-deferrable dated subordinated (Tier 2) | BBB | July 3, 2023 | – | |
| Additional Tier 1 | BB+ | July 3, 2023 | – | |
(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 (December 7, 2023)
Fitch update on Deutsche Bank (July 24, 2023)
Fitch ugrades Deutsche Bank to 'A-'; Outlook Stable (July 3, 2023)
DBRS Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Critical Obligations Rating |
long-term short-term |
AA (low) R-1 (middle) |
June 29, 2023 September 29, 2015 |
Stable (June 29, 2023) Stable (June 6, 2017) |
| Deposits |
long-term short-term |
A R-1 (low) |
June 29, 2023 September 29, 2015 |
Stable (June 29, 2023) Stable (June 6, 2017) |
| Issuer Rating |
long-term short-term |
A R-1 (low) |
June 29, 2023 September 29, 2015 |
Stable (June 29, 2023) Stable (June 6, 2017) |
| Intrinsic Assessment | A | June 29, 2023 | ||
| Issue Ratings | ||||
| Senior debt |
long-term short-term |
A R-1 (low) |
June 29, 2023 September 29, 2015 |
Stable (June 29, 2023) Stable (June 6, 2017) |
| Senior non-preferred debt | long-term | A (low) | June 29, 2023 | Stable (June 29, 2023) |
Latest Reports DBRS Ratings
DBRS on Q3 2023 results (October 25, 2023)
DBRS on Q2 2023 results (July 27, 2023)
DBRS full rating report (July 13, 2023)
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.