Fitch removes downgrade threat to DeAM

Fitch has removed Deutsche Asset Management's Frankfurt operations from a negative rating watch following the appointment of a new management team and the sale of parts of its business to Aberdeen Asset Management.

A company is placed on a rating watch to inform investors there is a probability of change in its stability and investment consistency. Ratings are designated as "positive", indicating a potential upgrade, "negative" for a potential downgrade, or "evolving", if ratings may be raised, lowered or maintained.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump