S&P Cuts Deutsche Bank Outlook To Negative On “Challenging Operating Conditions”
by Tyler Durden
ZeroHedge.com
Jul 19, 2016
It has been a while since investors focused their attention on the world’s “most systematically risky” bank, Deutsche Bank. Moments ago, S&P made sure to remind us that nothing is fixed, when it released a report saying that “Operating Conditions May Challenge Strategy Execution” but keeping the bank at a BBB+ rating.
The full report below:
Deutsche Bank Outlook Revised To Negative As Operating Conditions May Challenge Strategy Execution; Ratings Affirmed
We believe the difficult operating environment may challenge Deutsche Bank as it undertakes a material restructuring of its business model and balance sheet.
We are revising our outlook on Deutsche Bank to negative from stable.
We are affirming our ‘BBB+/A-2’ issuer credit ratings on Deutsche Bank.
The negative outlook reflects the possibility that we may lower the long-term issuer credit rating if market conditions challenge Deutsche Bank’s ability to preserve its capital and maintain its franchise while implementing its restructuring plans.
The Rest…HERE
