Deutsche Bank Among 15 Europe Lenders Cut to Negative by S&P
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Deutsche Bank AG, Germany’s largest lender, was among 15 European banks that had their outlooks cut to negative by Standard & Poor’s on the prospect that governments are less likely to provide aid.
The outlooks were lowered from stable “to reflect our view that extraordinary government support is likely to diminish as regulators implement resolution frameworks,” the ratings firm said yesterday in a statement.