Fitch reviews DB Taipei

Fitch Ratings said it placed the AA(twn) national long-term rating on Deutsche Bank AG Taipei Branch's (DB Taipei) outstanding NT$1 billion October 2019 senior unsecured notes on Rating Watch Negative (RWN).

This follows the Nov. 3 placement of Deutsche Bank AG's long-term issuer default rating of A- on negative watch.

The rating on DB Taipei's bonds is aligned with the credit profile of Deutsche Bank, which is equivalent to AA(twn) on the national rating scale. This is based on Fitch's rating criteria on senior bond instruments of financial institutions, the agency said.

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