Fitch boosts Deutsche Bank

Fitch Ratings said it upgraded the long-term and short-term ratings of Deutsche Bank's indirectly fully owned subsidiaries, Deutsche Bank Trust Co. Americas (DBTCA), Deutsche Bank Trust Corp. (DBTC) and Deutsche Bank Securities Inc. (DBSI) to AA- with stable outlook from A+ and F1+ from F1, respectively.

The support ratings of the three subsidiaries are affirmed at 1.

"The upgrade reflects the increased strategic importance and closer integration with Deutsche Bank, bringing the ratings of the subsidiaries to the same level with Deutsche Bank's long-term AA- rating (stable outlook)," said Andrea von Schnurbein from Fitch's financial institutions team in Frankfurt.

The ratings of the subsidiaries are driven by the support from Deutsche Bank, the agency added.

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