Fitch Ratings on Dec. 12 assigned derivative counterparty ratings to 18 banks and deposit ratings to 1,397 banks based in Germany.
Deutsche Bank AG's deposit ratings and derivative counterparty rating are on Rating Watch Negative, in line with the bank's A-/a- long- and short-term issuer default ratings. The agency also assigned U.S. unit Deutsche Bank Securities Inc. a derivative counterparty rating, which is aligned with its A- long-term issuer default rating.
Deutsche Postbank AG was assigned deposit ratings aligned with its BBB+/bbb+ long- and short-term issuer default ratings.
UniCredit SpA unit UniCredit Bank AG was assigned derivative counterparty and deposit ratings in line with its A-/a- long- and short-term issuer default ratings.
The deposit ratings of DZ BANK AG and of the 980 other cooperative bank members of Genossenschaftliche FinanzGruppe, as well as DZ Bank's derivative counterparty rating, are aligned with Genossenschaftliche FinanzGruppe's AA-/aa- issuer default ratings.
BHF-Bank AG was assigned deposit ratings in line with its BBB-/bbb- long- and short-term issuer default ratings.
The rating agency also assigned derivative counterparty ratings to publicly owned institutions including the Landesbanken, development banks and wind-down institutions, in line with their respective long-term issuer default ratings.
Berlin Hyp AG was assigned deposit ratings aligned with its A+/bbb- issuer default ratings.