Moody's cuts Deutsche Bank credit rating

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Deutsche's (DB -0.5%) long-term debt and deposit ratings DB)+to+A2%3B+Profitability+Dragged+Down+by+Litigation,+Legacy+Costs/9696756.html" target="_blank">are cut to A3 from A2, with Moody's noting the bank's "modest" profitability as being dragged down by litigation and restructuring costs and legacy losses, not to mention the bank's high dependence on capital markets earnings. The outlook remains negative.