OREANDA-NEWS. August 17, 2015. Fitch Ratings has withdrawn the long- and short-term ratings of the following SPEARs and the long-term ratings of the following LIFERs and Custodial Receipts issued by Deutsche Bank SPEARs/LIFERs Trust:

-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-328A;
-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-328B;
-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-476A;
-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-442;
-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-476B;
-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-476D;
-Deutsche Bank SPEARs/LIFERs Trust (NY) custodial receipts series DBE-453;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-328A;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-328B;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-476A;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-331A;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-476C;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-476E;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-322A;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-331C;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-476F;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-300;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-331E;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-476B;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-476D;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-331B;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-442;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-322B;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-331D;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DBE-453;
-Deutsche Bank SPEARs/LIFERs Trust (NY) long inverse floating exempt receipts (LIFERs) series DB-295;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DBE-328;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DBE-476;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DB-300;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DB-331;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DBE-442;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DB-322;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DBE-453;
-Deutsche Bank SPEARs/LIFERs Trust (NY) short puttable exempt adjustable receipts (SPEARs) series DB-295.

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.