Fitch changes Deutsche Bank view

Fitch Ratings said it revised Deutsche Bank AG's outlook to negative from stable and affirmed the bank's long-term issuer default rating at BBB+.

At the same time, the agency affirmed the bank's short-term issuer default rating at F2, viability rating at bbb+, deposit ratings at A-/F2 and derivative counterparty rating at A-(dcr).

All other debt ratings were also affirmed.

“The negative outlook reflects the substantial execution risk Deutsche Bank faces in implementing its restructuring and Fitch's view that failure to strengthen its business model would result in the bank's downgrade,” Fitch said in a news release.

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