Rating Report

Deutsche Bank A.G. Conditional Pass-Through Structured Covered Bonds (Structured - Mortgages): Surveillance Report

Covered Bonds

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Summary

On November 19, 2021, DBRS Ratings GmbH (DBRS Morningstar) confirmed its AA ratings on the notes issued under the Deutsche Bank AG (DB AG or the Issuer) Conditional Pass-Through Structured Covered Bonds Programme (the Programme) guaranteed by SCB Alpspitze UG. The confirmations follow the completion of a full review of the Programme.

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