In the context of Scope Ratings’ strategy of focussing on the needs of institutional investors, Scope will offer its unsolicited bank and covered bond credit ratings on a subscription basis only via its credit intelligence platform.

The group continues to face steep challenges for its multi-year business-model and activity-mix recalibration effort; litigation risk remains from the legacy of past activities and current investigations.

Scope Ratings has updated its rating report on Deutsche Bank, rated BBB+ with Negative Outlook

The rating action reflects the new contractual subordination regime in Germany, which allows banks to issue senior unsecured debt equivalent to preferred senior debt and ranking above senior non-preferred debt in insolvency and resolution.

Covered bond rating action follows corresponding action on Deutsche Bank’s issuer rating.

Scope Ratings has updated its rating report on Deutsche Bank’s AT1 securities.

The Additional Tier 1 market reaches a landmark in 2018 as the earliest issues hit their first call dates. The investor base has grown, and terms and structures have standardised. But what lessons should be learned from developments in this market?

Indifferent of top management changes, the group faces ongoing steep challenges for its multi-year business-model and activity-mix recalibration effort; headline risk also remains from the legacy of past activities.

Scope Ratings has updated its rating report for Deutsche Bank, rated BBB+ with Stable Outlook.

The rating action reflects Scope’s view that the group’s business-model and financial recalibration remains less reassuring, which could affect a return to healthier profitability and to more sustainable growth of business volumes.