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ZeroHedge: S&P Puts A- Rated Deutsche Bank On CreditWatch Negative

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On Thursday afternoon, just days after Deutsche Bank unceremoniously fired CEO John Cryan, and replaced him with DB retail banking lifer, Christian Sewing, the bank's 6th CEO in the past decade following year after year of abysmal results, S&P warned that the change in CEO may lead to adjustment in the bank’s existing strategy or how it is executed, and although S&P doesn’t currently expect any radical change, it placed the bank's A- rating on Watch Negative. This means that the bank's already sharply higher interest costs, are about to increase some more, adding liquidity risk to viability (and solvency) concerns.

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