DBRS Discontinues Rating on RBC Covered Bonds, Series CB16 and Series CB17

DBRS Limited (DBRS) discontinued the ratings of the Covered Bonds, Series CB16 and the Covered Bonds, Series CB17 (the Series) issued under the Royal Bank of Canada (Global Covered Bond Programme) as the Series were fully repaid.

Notes:
The principal methodology is Rating and Monitoring Covered Bonds, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union. The following additional regulatory disclosures apply to endorsed ratings:

The last rating action on this program took place on June 27, 2019, when DBRS assigned a AAA rating to the Covered Bonds, Series CB43.

For further information on DBRS historical default rates published by the European Securities and Markets Authority (ESMA) in a central repository, see: http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Lead Analyst: Fanfei Gong, Assistant Vice President
Rating Committee Chair: Tim O'Neil, Managing Director
Initial Rating Date: October 8, 2007

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