(Reuters) - Ratings agency Standard & Poor's downgraded several U.K. and German banks, including Deutsche Bank AG (DE:DBKGn) and Barclays Plc (L:BARC), saying it considers government support for these banks to be uncertain.
The rating arm of McGraw Hill Financial Inc (N:MHFI) downgraded Germany's Deutsche Bank and the U.K.'s Barclays and Royal Bank of Scotland Plc (L:RBS) to "stable" and Commerzbank AG (DE:CBKG) to "negative".
Deutsche Bank, the largest German lender, has struggled to restore an image tarnished by a raft of regulatory and legal problems. The bank's co-CEOs, Anshu Jain and Juergen Fitschen, resigned earlier this week.
S&P downgraded Barclays by one notch to "A negative" and Deutsche Bank to "BBB positive," three notches above junk territory.
The agency also affirmed its ratings on Lloyds (LONDON:LLOY) Bank Plc <48IY.L> and HSBC Bank Plc (L:HSBA) and said the outlooks are stable.
