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.”
Central Government's Fiscal Deficit Touches 52.6% Of The Full-Year Target
SSC Stenographer CBT Result 2025 Declared; 31,080 Candidates Qualify For Skill Test
VIDEO: Neymar IGNORES Medical Advice, Scores For Santos Despite Knee Injury In Crucial Relegation Battle
Cyclone Ditwah Update: Cyclonic Storm To Bring Extremely Heavy Rainfall In Tamil Nadu & Puducherry, Schools Shut, Flights Cancelled; Latest Updates
Moody’s said if a downgrade were to occur “it would likely be limited to one notch.”
