S&P lowers outlook on Japan's Deutsche Securities
The ratings action follows a similar move on its parent company.
S&P Global Ratings revised the outlook on Japan-based Deutsche Securities Inc. to negative from stable and affirmed its BBB+ long-term and A-2 short-term issuer credit ratings.
The rating agency said April 24 that the outlook revision follows a similar ratings action on its parent, Deutsche Bank AG. The negative outlook also mirrors the outlook on the parent.
Deutsche Securities is viewed as highly integral to the...