S&P confirmed ratings and revised outlook

Standard and Poor’s revised the rating outlook of DB AG from “stable” to “negative”.

(Berlin, August 28, 2015) The rating agency Standard & Poor’s (S&P) confirmed today its rating assessments of Deutsche Bahn AG (DB AG) and at the same time revised the outlook from “stable” to “negative”. The S&P ratings of DB AG are therefore unchanged “AA” (long-term) and “A-1+” (short-term).  

The outlook revision reflects the opinion of S&P, that the weaker than expected revenue and profit development resulted in credits metrics that are still below S&Pʼs guidelines.  

The release of S&P and more details regarding the ratings of DB AG may be found on our IR Web site under

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