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Deutsche Bank AG
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In August Moody's increases Deutsche Bank's credit rating. Now the credit rating agency Fitch is following. The positive development can therefore be identified at a specific point.
Deutsche Bank continues to leave its earnings crisis behind. The reconstruction and rearrangement of Germany & APOs; s largest financial house is progressing and is now also paying off elsewhere: in Fitch & APOs; s eyes, Deutsche Bank is more worthy of credit.
According to Moody's rating agency in August, the competitor Fitch now also raised the credit rating of Deutsche Bank: it is now at "BBB +" after so far "BBB". The outlook remains positive, according to Fitch. The Agency assumes that the restructuring of the bank will continue. Moody's classifies the creditworthiness with "A2" according to previously "A3".
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Deutsche Bank responded positively to the upgrade: it was another milestone on the path of the bank & APOs; s transformation, underlined Deutsche-Bank CEO Christian sewing. The Fitch decision makes it possible to continue to finance itself on favourable terms.
German bank share on consolidation price
Deutsche Bank & APOs; s share was unable to continue its recovery from the first half of the year and has started a short-term downward trend since June. The stock can stabilise at the lower level, and a recovery of MACD (momentum) is also positive. However, the dynamics are not so pronounced yet, so a sustained sideways movement seems more likely.
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More: HTTPS: / / www.etoro.com / CFDs are complex instruments and involve a high risk of losing money quickly due to leverage. 67% of private investors & APOs; accounts lose money if they trade CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
