Royal Bank of Canada: Rating ReportBanking Organizations
The ratings confirmation on June 11, 2020, and continuance of the Stable trend recognizes the Bank’s strong, highly diversified franchise in Canada with a growing U.S. banking and wealth management business and a few businesses with a global reach. RBC has historically exhibited strong risk management and credit fundamentals and better-than-peer financial performance. Approximately 40% of total revenue is earned outside of Canada, contributing to geographic diversity. The ratings also consider RBC’s business mix, which includes a significant capital markets business that may contribute to increased earnings volatility.