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Credit ratings are not recommendations to purchase, sell or hold a financial position in as much as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by a rating agency.

Responsive Table
  Moody’s S&P DBRS Fitch
Counterparty/Deposits1 Aa2 AA– AA (high) AA+
Legacy Senior Debt2 Aa2 AA– AA (high) AA+
Senior Debt3 A2 A AA AA
Covered Bonds Aaa AAA AAA
NVCC Subordinated Debt Baa1(hyb) A– A A+
Subordinated Debt Baa1 A AA (low) A+
NVCC Preferred Shares Baa3(hyb) BBB Pfd-2 (high)
Preferred Shares Baa3 BBB+ Pfd-1 (low)
Short-term Debt P-1 A-1+ R-1 (high) F1+
Rating Outlook Stable Stable Stable Negative

Additional Resources

2020 Second Quarter Financial Information

Get financial highlights and a snapshot of recent performance in RBC at a Glance or access the detailed Investor Presentation.

Overview of Canadian Bail-In Regime

Understand the key features of the Canadian Bail-In Regime and RBC’s approach to meeting TLAC requirements.