After Deutsche Bank announces its new strategy, Moody’s rating agency threatens to demote its creditworthiness from “stable” to “negative”. At present, long-term deposits with credit rating “A3” – and thus as safe – are valued. However, classification is already in lower half of investment area and is located four Stufenvom junk area. As a reason for negative outlook, Moody’s stated that it would be difficult for bank to actually implement strategy.
if ( typeof AdController !== ‘undefined’ !window.Zeit.isMobileView()) { if ( !document.getElementById( ‘iqadtile8’ ) ) { var elem = document.createElement( ‘div’ ); elem.id = ‘iqadtile8’; elem.className = “ad ad-desktop ad-desktop–8 ad-desktop–8-on-article”; elem.setAttribute(‘data-banner-type’, ‘desktop’); document.getElementById(‘ad-desktop-8’).parentNode.appendChild(elem); AdController.render(‘iqadtile8’); if ( window.console typeof window.console.info === ‘function’ ) { window.console.info(‘AdController ‘ AdController.VERSION ‘ tile 8 desktop’) } } } if ( typeof AdController !== ‘undefined’ window.Zeit.isMobileView()) { if ( !document.getElementById( ‘iqadtile3’ ) ) { var elem = document.createElement( ‘div’ ); elem.id = ‘iqadtile3’; elem.className = “ad ad-mobile ad-mobile–3 ad-mobile–3-on-article”; elem.setAttribute(‘data-banner-type’, ‘mobile’); document.getElementById(‘ad-mobile-3’).parentNode.appendChild(elem); AdController.render(‘iqadtile3’); if ( window.console typeof window.console.info === ‘function’ ) { window.console.info(‘AdController ‘ AdController.VERSION ‘ tile 3 mobile’) } } }
The new bank director, Christian Sewing, had announced that investment business in USA and partly in Asia would be significantly decreased. After a break in profits of 80 Prozentzu beginning of year, bank should no longer try to compete with large Wall Street houses.
FRANKFURT-Deutsche Bank shrinks its stock trading after loss of profits, new boss Christian Sewing announces changes for business in USA and Asia. Among or things, bond trading should be reduced. © Photo: Boris Roessler/DPA
Although it was positive that Deutsche Bank wanted to focus on more stable business areas, Moody’s wrote and added: “However, it is not clear how management will create a more European customer-oriented investment bank that Successful with broader global Wettbewerbernkonkurrieren, while at same time generating acceptable returns across DenKonjunkturzyklus. ” In addition, bank’s fiscal year will only be moderately profitable.
The Moody’s competitor Standard Poor’s (S P) had already set credit rating DerDeutschen Bank to watchlist for a BeschleunigteHerabstufung (Credit watch negative) after head change in early April. It is currently in “A-” on same level as VonMoody’s credit rating. Typically, EinerBonitätsnote, which is on Einebeschleunigte downgrade watch list, will decision a downgrade faster than a negativenAusblick.
A spokesman for Deutsche Bank rejected a statement plus decision of Moody’s.
