Fitch W/Ds Various Deutsche Bank SPEARs/LIFERs Trust SPEARs, LIFERs and Custodial Receipts Rtgs

NEW YORK--()--Fitch Ratings has withdrawn the long- and short-term ratings of the following SPEARs and the long-term ratings of following LIFERs and Custodial Receipts issued by Deutsche Bank SPEARs/LIFERs Trust:

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-243A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-243B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-263;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-308A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-308B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-411;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DB-413B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-282A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-282B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-296A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-296B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-299A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-299B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-299C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-305B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-305G;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-305O;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-305P;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-305R;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-306A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-306B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-306C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-317;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-338;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-374;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-395A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-395B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-395C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-415A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-415B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-415C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-415D;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-452;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-457;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-477A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-477B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-477C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-477D;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-486;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-490;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-495;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-511;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-644;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-668;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-243A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-243B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-263;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-308A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-308B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-346;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-411;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-413B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-282A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-282B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-296;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-296B;

--Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-299A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-299B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-299C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305E;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305F;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305G;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305H;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305I;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305J;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305K;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305L;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305M;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305N;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305O;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305P;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305Q;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305R;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-305S;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-306A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-306B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-306C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-316;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-317;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-329A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-329B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-338A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-338B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-374;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-387;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-395A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-395B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-395C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-415A;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-415B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-415C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-415D;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-452;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-457;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-477B;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-477C;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-477D;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-486;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-490;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-495;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-511;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-644;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-668;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DB-243;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DB-263;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DB-308;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DB-346;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DB-411;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DB-413;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-282;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-296;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-299;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-305;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-306;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-316;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-317;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-329;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-338;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-374;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-387;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-395;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-415;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-452;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-457;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-477;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-486;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-490;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-495;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-511;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-644;

-- Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adj receipts (SPEARs) series DBE-668.

Fitch has withdrawn the ratings because Deutsche Bank has chosen to stop participating in the rating process with respect to these securities. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for these issuances.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

'U.S. Municipal Structured Finance Criteria', Feb. 24, 2014;

'Guidelines for Rating Tender Option Bonds', May 9, 2013.

Applicable Criteria and Related Research:

Guidelines for Rating Tender Option Bonds
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=707849

U.S. Municipal Structured Finance Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=736618

Additional Disclosure

Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=823356

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings, Inc.
Primary Analyst:
Richard Park, +1-212-908-0289
Director
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Trudy Zibit, +1-212-908-0689
Managing Director
or
Committee Chairperson:
Mario Civico, +1-212-908-0796
Senior Director
or
Media Relations, New York
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com

Sharing

Contacts

Fitch Ratings, Inc.
Primary Analyst:
Richard Park, +1-212-908-0289
Director
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Trudy Zibit, +1-212-908-0689
Managing Director
or
Committee Chairperson:
Mario Civico, +1-212-908-0796
Senior Director
or
Media Relations, New York
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com