International ratings agency Standard and Poor's put Deutsche Bank's long-term credit rating on negative watch Wednesday after the bank's 2102 earnings were hit by writedowns and legal costs.
S&P said in a statement it has placed Deutsche Bank's "A+" long-term rating on "CreditWatch with negative implications."
The move "follows Deutsche Bank's announcement that it has increased its provisions for litigation in 2012 by 600 million euros ($769 million) compared with the preliminary results it released in January this year," the statement said.