DBRS turns Deutsche Bank trend to stable

DBRS said it changed Deutsche Bank AG’s trend to stable from negative and confirmed its ratings, including the issuer rating at A(low).

“The trend change to stable from negative reflects the progress that has been made in de-risking the bank and in executing the transformation plan, which in DBRS Morningstar’s view has stabilized the franchise and helped DB take advantage of the strong global demand for investment banking services since the beginning of Covid-19 pandemic. The trend change also reflects the achievements made on the expense side, while maintaining a well-managed credit and market risk profile, and solid balance sheet fundamentals,” the agency said in a press release.

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