DBRS might cut Deutsche Bank

DBRS said it placed the ratings of Deutsche Bank AG under review with negative implications, including its senior unsecured debt and deposits rating of A and its long-term critical obligations ratings (COR) of AA (low).

At the same time, the agency confirmed the short-term ratings with stable trends, including its short-term debt and deposits rating at R-1 (low) and short-term COR at R-1 (middle).

As part of the review process, the intrinsic assessment of A will also be re-evaluated.

In placing these ratings under review with negative implications, DBRS said it considers the notable challenges Deutsche Bank faces in improving its internal capital generation ability at a time when the bank’s regulatory capital levels have fallen to the lower end of the global peer range.

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