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Credit ratings
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 are an independent and up-to-date judgment on the creditworthiness of a company. 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 of the Federal Government are also important for the ratings of DB AG.
| Ratings DB AG | First issued | Last publi- cation | Ratings | |||
| Short- term | Long- term | Outlook | ||||
| S&P Global Ratings | May 16, 2000 | Jun 11, 2020 | A–1+ | AA– | negative |
Moody’s | May 16, 2000 | Jun 5, 2020 | P–1 | Aa1 | negative | |