Moody’s Investors Service yesterday cut by one notch the rating of long-term debt to Deutsche Bank and its subsidiaries, considering that the strategic plan of the German bank was risky.
While she was up ‘here’ Baa1 ‘, the group’s credit rating now finds itself at’ Baa2 ‘with a view’ stable ‘, while the deposit rating changes from’ A2 ‘to’ A3 ‘.
for Moody’s, the recovery plan implemented by Deutsche Bank is associated with a level of increasing risk.
‘the Deutsche Bank’s performance has been weak in recent quarters, with headwinds not negligible as the low interest rate environment and economic uncertainty that put the troubled group ‘, writes the rating agency in a statement.
Yesterday, Deutsche Bank focused its accounts in 2015 its provision for external fraud ‘to 475 million euros in 2015 against 20 million euros the previous year.
After these announcements, as Deutsche Bank posted gains of 0.9% 15.3 euros Tuesday at the Frankfurt Stock Exchange.
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