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Finally S&P puts Deutsche on RWN

March 28, 2013

Deutsche Bank’s A+ credit rating from S&P has finally been placed on rating watch with negative implications. The points highlighted in the S&P release are some of the points we had highlighted exactly two years ago in our detailed piece on Deutsche Bank ( But not all the concerns we had raised have been addressed in S&P’s review and the rating agencies continue to be woefully behind the curve. We would go so far as to say that Deutsche Bank, through its global linkages, is the biggest risk to the global financial system. Not the Italian banks that will soon fail. Or the doddering Spanish and UK banks.


From → Credit Analysis

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