Fitch: Deutsche Post on watch

Fitch Ratings said it put the senior unsecured A+ rating of Deutsche Post AG's on rating watch negative. The short-term F1 rating remains unaffected.

Fitch said the rating follows the announcement by the company that it is in talks to acquire Exel plc.

Fitch said it acknowledges Deutsche Post's statement that the bid has not been formalized and may not go ahead.

Fitch added it expects to give further guidance or resolve the rating watch negative status once further details are given and/or Exel shareholders accept the Deutsche Post bid.

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