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.”
Tragedy In Mira-Bhayandar: 66-Year-Old NCP (Ajit Pawar) Candidate Javed Pathan Dies Of Heart Attack After Filing Nomination
New Year 2026 Wishes: Mumbaikars, Think Before You Open 'APK File' Greetings On WhatsApp; GRP Warns Of New Scam
Cabinet Approves Vodafone Idea Relief: AGR Dues Frozen At ₹87,695 Crore To Be Paid From FY32 To FY41
Bhandup BEST Bus Accident: Vehicle Was Mechanically Sound; 'Human Error' May Have Caused Crash, Officials Say
Moody’s said if a downgrade were to occur “it would likely be limited to one notch.”
