(Berlin, January 17, 2012) The rating agency Standard&Poor’s (S&P) today finalized its reassessment of the long-term rating of Deutsche Bahn AG (DB AG), that was placed on “Credit Watch negative” on December 8, 2011. S&P affirmed the long-term rating of “AA” and the “stable” outlook.
Today’s announcement by S&P follows the finalization of the reassessment of sovereign rating of the Federal Republic of Germany published January 13, 2012. This linkage is due to DB AG’s characteristic as a government related entity (GRE) according to the rating methodology of S&P, as the Federal Republic of Germany is the sole shareholder of DB AG.
S&P's short-term rating of DB AG is unchanged in the highest category (“A-1+”). The releases of S&P and more details regarding the ratings of DB AG may be found on our IR Web site under www.db.de/rating-e.