Royal Bank of Canada
Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Abstract
Consistent and strong core operating performance from domestic operations Well-established credit culture and manageable credit costs through the recession Robust capital measures Dominant player in all operations in Canada Negative returns from the U.S. banking operations due to elevated credit costs Expanding capital markets-related businesses, which could elevate the risk profile The ratings on Royal Bank of Canada reflect our assessment of the bank's very strong domestic market position in a full range of banking businesses, well-established credit culture, and robust capital measures. This strength has translated into a historically consistent and strong core operating performance trend from its leading domestic operations, providing an underpinning of substantial stability. The ratings also reflect growing contributions from the global operations, but modest...
Companies mentioned in this report are: Royal Bank of Canada,Royal Bank of Canada Insurance Co. Ltd.,RBC Dexia Investor Services Ltd.
Action: Review
Royal Bank of Canada,Royal Bank of Canada Insurance Co. Ltd.,RBC Dexia Investor Services Ltd.
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