Moody’s confirmed ratings and outlook

Moody's has confirmed in September 2015 the rating and the outlook of DB AG

(Berlin, September 28, 2015) The rating agency Moody’s confirmed today its rating assessments as well as the rating outlook of Deutsche Bahn AG (DB AG). The Moody’s ratings of DB AG are therefore unchanged “Aa1” (long-term) and “P-1” (short-term). The outlook is also unchanged classified “stable”.   

At the same time Moody’s downgraded the stand alone rating (BCA) of DB AG byone notch to “A1” from “Aa3”. This revision reflects the opinion of Moody’s, that the weaker than expected revenue and profit development resulted in credits metrics that are still below Moody’s guidelines.  

The release of Moody’s and more details regarding the ratings of DB AG may be found on our IR Web site under

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