However, his growth plans are now on rocky grounds as the second quarter saw the weakest revenue performance in the past three-and-a-half years. Fitch analysts wrote in a statement, "We no longer expect revenue to demonstrate any clear signs of franchise recovery this year, and we expect necessary further restructuring costs to continue to erode net income." They also believe that the loss in market share experienced by the bank last year because the clients stopped doing business with the lender, as they were doubtful about the bank's capital strength, will take more time to reverse. Low volatility and interest rates in Europe will continue to affect the bank's revenues. Though the rating for Deutsche Bank was reduced from A- to BBB+, the outlook was set to stable by Fitch. Moody's Investor Services has rated the bank's credit Baa2 since May 2016, whereas S&P Global Inc. raised their rating to A- from BBB+ this March, stating that a retroactive change in German Law will protect senior creditors.