Moody’s says considering downgrading Deutsche Bank

Moody’s says considering downgrading Deutsche Bank

BureauUpdated: Saturday, June 01, 2019, 01:15 PM IST
article-image

Frankfurt: The international credit rating agency Moody’s said today it has placed the long-term debt and deposit rating of Deutsche Bank, Germany’s biggest bank, on review for possible downgrade.

Moody’s said in a statement it was reviewing the current A2 rating on Deutsche Bank’s supported long-term debt and deposit rating.

“The review for possible downgrade follows Deutsche Bank’s announcement of a 34-percent decline in net income for the first quarter of 2014,” said Moody’s analyst Peter Nerby.

“The first quarter is typically strong for Deutsche Bank and the earnings decline highlights the continuing obstacles facing the bank.”

Moody’s said if a downgrade were to occur “it would likely be limited to one notch.”

RECENT STORIES

India’s Household Savings Rise To ₹54.6 Lakh Crore In FY24 But Share Of GDP Dips Slightly

India’s Household Savings Rise To ₹54.6 Lakh Crore In FY24 But Share Of GDP Dips Slightly

Akasa Air Secures IATA's Operational Safety Audit Safety Registration In Just 3 Years Of Operations

Akasa Air Secures IATA's Operational Safety Audit Safety Registration In Just 3 Years Of Operations

India’s Q2 GDP Soars 8.2% as Exports Stay Resilient Despite US Tariffs

India’s Q2 GDP Soars 8.2% as Exports Stay Resilient Despite US Tariffs

Atal Pension Yojana Enrolment Crosses 8.34 Crore: FM Nirmala Sitharaman Highlights Women’s Strong...

Atal Pension Yojana Enrolment Crosses 8.34 Crore: FM Nirmala Sitharaman Highlights Women’s Strong...

Industrial Output Slips To 14-Month Low, India’s Production & Demand Indicators Signal Early Signs...

Industrial Output Slips To 14-Month Low, India’s Production & Demand Indicators Signal Early Signs...