Credit Rating Report

Deutsche Bank A.G. Conditional Pass-Through Structured Covered Bonds (Structured - Mortgages): Surveillance Report

Covered Bonds

Summary

On 17 November 2023, DBRS Ratings GmbH (DBRS Morningstar) confirmed its AA credit ratings on the notes issued under the Deutsche Bank AG Conditional Pass-Through Structured Covered Bonds Programme (the programme) guaranteed by SCB Alpspitze UG. The credit rating actions follow DBRS Morningstar’s full review of the programme.

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