Royal Bank of Canada: Rating Report

On June 26, 2018, DBRS, Inc. (DBRS) confirmed the ratings of Royal Bank of Canada (RBC or the Bank) and its related entities, including RBC’s Long-Term Issuer Rating at AA and Short-Term Issuer Rating at R-1 (high). Additionally, the trends on all long-term ratings have been changed to Positive while the short-term ratings at the Bank remain Stable. RBC’s Intrinsic Assessment (IA) remains at AA (low) and the Support Assessment (SA) is SA2, reflecting the expectation of timely, systemic support from the Government of Canada (rated AAA with a Stable trend by DBRS).