Ratings
Ratings Deutsche Bank AG
Moody's Investors Service
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Counterparty Risk |
long-term short-term |
A1(cr) P-1(cr) |
October 12, 2022 August 04, 2021 |
– – |
| Deposits |
long-term short-term |
A1 P-1 |
October 12, 2022 August 04, 2021 |
Stable (October 12, 2022) – |
| Issuer Rating | long-term | A1 | October 12, 2022 | Stable (October 12, 2022) |
| Baseline Credit Assessment | baa2 | October 12, 2022 | – | |
| Issue Ratings | ||||
| Pfandbrief | Aaa | – | – | |
| 'Preferred' senior unsecured debt(1) |
long-term short-term |
A1 P-1 |
October 12, 2022 August 04, 2021 |
Stable (October 12, 2022) – |
| 'Non-preferred' senior unsecured debt(2) | long-term | Baa1 | October 12, 2022 | – |
| Non-deferrable dated subordinated (Tier 2) | Baa3 | October 12, 2022 | – | |
| Additional Tier 1 | Ba2 | October 12, 2022 | – | |
(1) Defined as senior unsecured debt rating at Moody‘s
(2) Defined as junior senior unsecured debt rating at Moody's
Latest Reports Moody's
Moody's credit opinion on Deutsche Bank (May 11, 2023)
Moody’s issuer comment on Q1 2023 results (April 27, 2023)
Moody’s issuer comment on Q4 / FY2022 results (February 2, 2023)
Standard & Poor's
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Stand-Alone Credit Profile | bbb | November 24, 2015 | – | |
| Issuer Credit Rating |
long-term short-term |
A- A-2 |
November 9, 2021 June 9, 2015 |
Positive (May 17, 2023) – |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(3) | long-term | A- | November 9, 2021 | – |
| 'Non-preferred' senior unsecured debt(4) | long-term | BBB- | March 28, 2017 | – |
| Non-deferrable dated subordinated (Tier 2) | BB+ | November 24, 2015 | – | |
| Additional Tier 1 | BB- | February 26, 2021 | – | |
(3) Defined as senior unsecured at S&P
(4) Defined as senior subordinated at S&P
Latest Reports Standard & Poor's
S&P revises outlook on Deutsche Bank to positive (May 17, 2023)
S&P issuer comment on Q1 2023 results (April 27, 2023)
S&P issuer comment on Q4 / FY2022 results (February 2, 2023)
Fitch Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Derivative Counterparty Rating | A- (dcr) | September 23, 2021 | – | |
| Deposits |
long-term short-term |
A- F2 |
September 23, 2021 June 7, 2019 |
– – |
| Issuer Default Rating |
long-term short-term |
BBB+ F2 |
September 23, 2021 June 7, 2019 |
Positive (September 13, 2022) |
| Viability Rating | bbb+ | September 23, 2021 | – | |
| Issue Ratings | ||||
| 'Preferred' senior unsecured debt(5) |
long-term short-term |
A- F2 |
September 23, 2021 June 7, 2019 |
– – |
| 'Non-preferred' senior unsecured debt(6) | long-term | BBB+ | September 23, 2021 | – |
| Non-deferrable dated subordinated (Tier 2) | BBB- | September 23, 2021 | – | |
| Additional Tier 1 | BB | September 23, 2021 | – | |
(5) Defined as senior preferred debt rating at Fitch
(6) Defined as senior non-preferred debt and senior unsecured programme ratings at Fitch
Latest Reports Fitch Rating
Fitch update on Deutsche Bank (November 25, 2022)
Fitch update on Deutsche Bank (September 29, 2022)
Fitch affirms Deutsche Bank at 'BBB+'; Outlook Positive (September 13, 2022)
DBRS Ratings
| Bank Ratings | Rating | Last rating change | Outlook | |
|---|---|---|---|---|
| Critical Obligations Rating |
long-term short-term |
A(high) R-1(middle) |
July 7, 2016 September 29, 2015 |
Positive (July, 1 2022) Stable (June 6, 2017) |
| Deposits |
long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Positive (July, 1 2022) Stable (June 6, 2017) |
| Issuer Rating |
long-term short-term |
A(low) R-1(low) |
July 7, 2016 September 29, 2015 |
Positive (July, 1 2022) Stable (June 6, 2017) |
| Intrinsic Assessment | A(low) | May 9, 2018 | ||
| Issue Ratings | ||||
| Senior debt |
long-term short-term |
A(low) R-1(low) |
July 27, 2018 September 29, 2015 |
Positive (July, 1 2022) Stable (June 6, 2017) |
| Senior non-preferred debt | long-term | BBB(high) | July 27, 2018 | Positive (July, 1 2022) |
Latest Reports DBRS Ratings
DBRS on Q1 2023 results (April 27, 2023)
DBRS on Q4 / FY2022 results (February 3, 2023)
DBRS on Q2 2022 results (July 27, 2022)
A credit rating is an assessment of the solvency or credit-worthiness of debitors and/or bond-issuers according to established credit review procedures. These ratings and associated research help investors analyse the credit risks associated with fixed-income securities by providing detailed information of the ability of issuers to meet their obligations. For the issuers of fixed income securities, credit ratings can provide greater market liquidity for their securities and reduced transaction costs. A rating is being continuously monitored. It enables investors to measure their investment risk.
Disclaimer:
The rating agency reports we have compiled constitute publicly accessible information. We have merely chosen to publish them on our website as an additional service for our shareholders and investors. These reports do not necessarily represent the opinion of Deutsche Bank AG, nor should they be seen as a recommendation to buy Deutsche Bank shares. Deutsche Bank accepts no liability for the completeness, timeliness, accuracy or selection of such information.