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Deutsche Bahn AG (DB AG) has been a stock corporation incorporated under German law since it was founded in 1994, and as such has a dual level management and supervisory structure.
The organisational structure of DB Group basically consists of eight business units, which are managed by the group management Deutsche Bahn AG (DB AG). DB AG is wholly owned by the Federal Republic of Germany.
The Deutsche Bahn Group (DB Group) primarily obtains long-term capital via the Group’s financing company, Deutsche Bahn Finance GmbH (DB Finance). An European debt issuance program comprising € 25 billion and an Australian debt issuance program (Kangaroo program) comprising 5 billion Australian dollars (AUD) are available via DB Finance.
DB AG’s creditwortiness is currently rated by rating agencies as follows: AA- (S&P Global Ratings) and Aa1 (Moody’s).