Credit ratings

The creditworthiness of DB Group is constantly monitored and assessed by the rating agencies S&P Global Ratings (S&P) and Moody’s. Credit ratings provide an independent, up-todate assessment of a companyʼs creditworthiness. When determining ratings for DB AG, the ownership structure means that the rating agencies take into account not only the quantitative and qualitative analysis of DB Group but also an assessment of the relationship with our owner, the Federal Government, and the potential support that DB AG could receive from it.

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Ratings of DB AG

First
issued

Last
publication

Ratings

Short-
term

Long-
term

Outlook

 

S&P Global Ratings

May, 16
2000

Oct, 18

2019

A–1+

AA

stable

Moody’s

May, 16
2000

Oct, 11
2019

P–1

Aa1

negative

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