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S&P assigns ratings to Deutsche Securities

May 20, 2016 - SNL European Financials Daily

S&P Global Ratings assigned Japan-based Deutsche Securities Inc. a long-term counterparty credit rating of BBB+ and a short-term counterparty credit rating of A-2.

The outlook on the long-term counterparty credit rating is stable.

The long-term rating of Deutsche Securities, a core subsidiary of Deutsche Bank AG, is equal to the group credit profile for the banking group.

The rating agency might raise or lower Deutsche Securities' ratings in tandem with the group credit profile...