S&P lowers outlook on Japan's Deutsche Securities to negative
S&P Global Ratings downgraded its outlook on Japan-based Deutsche Securities Inc.'s long-term counterparty credit rating to negative from stable following a similar action on parent Deutsche Bank AG.
S&P said July 20 that Deutsche Securities' ratings are equal with that of Deutsche Bank given its status as a core subsidiary of the group.
The rating agency also affirmed the securities firm's BBB+ long-term and A-2 short-term counterparty credit rating.
Deutsche Securities' ratin...