Deutsche Bank Sees No Credit Deterioration After Recent Blowups

Deutsche Bank AG isn’t seeing any credit deterioration in its loan book, despite a number of recent implosions that have prompted some rivals to warn of potential trouble.

“There is no deterioration, we’re very confident with our credit portfolio,” Chief Executive Officer Christian Sewing said in an interview on Bloomberg Television Friday.

The failure of auto lender Tricolor Holdings, which triggered a near-total wipeout on some debt, and the collapse of auto-parts supplier First Brands Group, which owed more than $10 billion to some of the biggest names on Wall Street, have rattled credit markets. Concerns are amplified ...