| Title: | Royal Bank of Canada Ratings Affirmed At 'AA-/A-1+', Outlook Revised To Stable From Positive |
| Price: | $100.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | News |
| Abstract: | TORONTO (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services today said it revised the outlook on Royal Bank of Canada to stable from positive based on markedly diminished prospects for its retail banking operations in the U.S. At the same time, Standard&Poor's affirmed its ratings on the bank and its related entities, including the 'AA-' long-term and 'A-1+' short-term counterparty credit ratings. Royal Bank's related entities include but are not limited to: The Royal Trust Co., Royal Trust Corp. of Canada, RBC Bank (USA), RBC Capital Trust, and Royal Bank of Canada Insurance Co. Ltd. The outlook revision reflects the significant pressure on earnings and reduced near-to-medium-term growth prospects for Royal Bank's retail banking operations in |
| Brief Excerpt: | RESEARCH Ratings Definitions Royal Bank of Canada Ratings Affirmed At '##-/###+', Outlook Revised To Stable From Positive Publication date: ##-May-#### Primary Credit Analyst: Lidia Parfeniuk, Toronto (#) ###-###-####; lidia_parfeniuk@standardandpoors.c... |
| Word Count: | 1004 |
| Ticker: | RY@CN |
| Issuer: | Royal Bank of Canada |
| GICS: | Diversified Banks (40101010) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Corporations, Financial Institutions, Asset-Backed Securities, Collateralized Debt Obligations, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
| Country: | Canada |
| Region: | United States |
| Format: | 
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