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.”
Mutual Fund Or NPS: Who Wins The Wealth Creation Race?
DLF Reports 14% Jump In Q3 Net Profit To ₹1,203 Crore, Achieves Zero Gross Debt Milestone
Donald Trump's Bruised Hand Catches Everyone's Eye At Davos Summit, Viral Photos Raise Health Concern; Here's What US President Said
Vasant Panchami 2026 Date: Why This Auspicious Day Is Dedicated To Goddess Of Knowledge Saraswati?
Moody’s said if a downgrade were to occur “it would likely be limited to one notch.”
