Deutsche Bank at risk of Moody's rating cut

New York

DEUTSCHE Bank AG may have its credit rating cut by Moody's Investors Service on concern that Germany's largest lender will struggle to carry out an overhaul and improve profit.

"Since changing leadership last June and recalibrating its strategic plan last November, the operating environment has worsened for Deutsche Bank," the ratings firm said in a statement on Monday, announcing the review. "This is increasing the already high level of execution challenges the group faces in addressing its structural cost issues and achieving its new strategic plan."