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Ratings

The leading international rating agencies Standard & Poor's and Moody's have awarded the following unguaranteed ratings for DekaBank's liabilities issued on or after 19 July 2005: 

Bank Ratings

 
Standard & Poor's
Moody's
Issuer Rating
A+ (stable)
Issuer Credit Rating
Aa1 (stable)
Issuer Rating
Counterparty Rating
n/a
Aa1
Counterparty Risk Rating
Deposit Rating
n/a
Aa1
Bank Deposits
Own financial strength
bbb+
Stand-alone Credit Profile
baa1
Baseline Credit Assessment
Short-term rating
A-1
Short-term Rating
P-1
Short-term Rating

Issuance Ratings

 
Standard & Poor's
Moody's
Preferred Senior Unsecured Debt
A+
Senior Unsecured Debt
Aa1 (stable)
Senior Unsecured Debt
Non-Preferred Senior Unsecured Debt
A
Senior Subordinated Debt
A1
Junior Senior Unsecured Debt
Subordinated Debt (Tier 2)
N/A
A3
Subordinate Debt
Additional Tier 1 Debt N/A
N/A
Baa2 (hyb)
Preferred Stock Non-cumulative
Public Sector Covered Bonds
N/A
Aaa
Public Sector Covered Bonds
Mortgage Covered Bonds
N/A
Aaa
Mortgage Covered Bonds
Current overview of ratings for download
Overview Ratings DekaBank 92 KB

Current rating reports

The current rating reports from Standard & Poor's and Moody's are available here
Rating report Standard & Poor's (18.12.2025)* 248 KB
Rating report Moody's (17.12.2025) 547 KB
Other reports
Media Release Rating Up-Grade Standard & Poor’s (17.04.2025)* 136 KB
Moody´s Rating Action following update of Banks methodology (18.11.2025) 113 KB
Covered Bonds
Rating report Moody’s – Public Sector Covered Bonds (30.06.2025) 397 KB
Rating report Moody’s – Mortgage Covered Bonds (30.06.2025) 472 KB
Current publications as specified in § 28 of the German Covered Bond Act (PfandBG) are available here.

* © by Standard & Poor's, A Division of The McGraw-Hill Companies GmbH; no reproduction without permission from Standard & Poor's. Standard & Poor's Ratings Services is a world leader in objective and informative risk analyses and issuer credit ratings. More information on Standard & Poor's ratings, products and services is available at http://www.standardandpoors.com/.

Rating reports archive

Other rating reports for download

2024

2023

2022

2021

2020

2019 and older

2025

2024

2023

2022

2021

2020

2019 and older

Sustainability ratings

As of September 6, 2024, Deka received an MSCI ESG Rating of A.
A
As of December 29, 2025
C Prime
As of August 19, 2025
ESG Risk Rating: 19.0 "Low Risk"
The issue of sustainability has been firmly anchored at the core of the Deka Group in our business strategy since 2015. From human resources management and human rights to compliance and information security, we place great importance on having sustainable standards in place throughout our corporate management. 

The rating scales of the rating agencies:
  • MSCI: AAA to CCC (Peer Group: Asset Management & Custody Banks)
  • ISS-ESG: A+ to D- (Peer Group: Financials/Public & Regional Banks)
  • Sustainalytics: 0 - 40+ (Peer Group: Asset Management & Custody Services)

THE USE BY DekaBank Deutsche Girozentrale (“Deka”) OF ANY MSCI Solutions LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF Deka BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY.  MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

Copyright ©2025 Sustainalytics, a Morningstar company. All rights reserved. This publication includes information and data provided by Sustainalytics and/or its content providers. Information provided by Sustainalytics is not directed to or intended for use or distribution to India-based clients or users and its distribution to Indian resident individuals or entities is not permitted. Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect. Use of such data is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.