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S&P lowers outlook on Japan's Deutsche Securities to negative

Jul 22, 2016 - SNL European Financials Daily

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...