Deutsche Bank received a better credit rating from Moody's.
Moody's announced on Wednesday that the long-term rating will be raised by one notch to “A2” from “A3” due to the progress made in the group's restructuring and the better business results.
The rating agency thus certifies Germany's largest financial institution a satisfactory credit rating.
At the same time, Moody's gave Deutsche Bank hope for a further upgrade.
The outlook is positive, explained the creditworthiness watchdog.
A better rating generally leads to lower refinancing costs for banks.
Deutsche Bank presented a profit of 692 million euros for the second quarter at the end of July.
It was the fourth quarterly profit in a row and the best interim result since 2015 for the once troubled bank.
The institute benefited in particular from flourishing investment banking.
Deutsche Bank is also selling its network of financial advisors in Italy to the Swiss insurer Zurich.
Its Italian subsidiary will take over the business unit with a good 1,000 financial advisors, 97 employees and assets under management of 16.5 billion euros, the two financial institutions announced on Wednesday.
Zurich Italy is expanding its sales network of financial and insurance products with the acquisition, while Deutsche Bank in Italy can concentrate on its offerings for family businesses and the wealthy.