Sunday, November 20, 2016

Fitch Places Deutsche Bank Taipei's TWD Bonds on Rating Watch Negative

(The following statement was released by the rating agency)

TAIPEI, November 20 (Fitch) Fitch Ratings has placed the

'AA(twn)' National

Long-Term Rating on Deutsche Bank AG Taipei Branch's (DB Taipei)

outstanding

TWD1bn October 2019 senior unsecured notes on Rating Watch

Negative (RWN). This

follows the placement of Deutsche Bank AG's Long-Term Issuer

Default Rating of

'A-' on RWN on 3 November 2016.

KEY RATING DRIVERS

SENIOR DEBT

The rating on DB Taipei's bonds is aligned with the credit

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