|CREDIT RATINGS DB AG|
S&P Global Ratings
Credit rating assessments from S&P and Moody’s remain unchanged.
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. Due to the ownership structure of DB AG, the approaches of 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 possibilities for DB AG by the Federal Government. This means that the ratings given to the Federal Government are also significant for the ratings given to DB AG.
In 2021, S&P and Moody’s left their ratings and rating outlook unchanged.