Credit Rating Report
Royal Bank of Canada: Rating Report
Banking OrganizationsSummary
On June 18, 2019, DBRS, Inc. (DBRS) upgraded the long-term ratings of the Royal Bank of Canada (RBC or the Bank) and its related entities, including RBC’s Long-Term Issuer Rating, to AA (high) from AA. DBRS also changed the trend on all long-term ratings to Stable from Positive. The Bank’s Short-Term Issuer Rating was confirmed at R-1 (high) with a Stable trend.
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Contacts
John Mackerey
Senior Vice President, Sector Lead - North American Financial Institution Ratings
+(1) 212 806 3236
john.mackerey@morningstar.com- Robert Colangelo
Senior Vice President, Canadian Banking Financial Institutions - Global Financial Institutions Group
+1 416 597 7559
robert.colangelo@morningstar.com