S&P turns Deutsche Bank view to positive

S&P said it changed its outlook for Deutsche Bank AG to positive from stable and affirmed all its ratings.

“The outlook revision reflects Deutsche Bank's strengthening performance and resilience. We think that the bank's completion of its 2019-2022 transformation program has established a more focused and profitable firm under a stable and cohesive management team,” the agency said in a press release.

The improved outlook indicates a rating upgrade is possible if the bank maintains its strategic discipline, earnings momentum and healthy balance sheet metrics, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.