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S&P lowers outlook on Japan's Deutsche Securities

Apr 28, 2020 - SNL European Financials Daily

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...