10:59 AM EDT, 05/13/2024 (MT Newswires) -- Morningstar DBRS on Friday confirmed its credit ratings on Royal Bank of Canada ( RY ) and its related entities, including the bank's long-term issuer rating of "AA (high)" and short-term issuer rating of "R-1 (high)."

The trends on all credit ratings are stable.

The bank's long-term issuer rating includes an intrinsic assessment of "AA" and a support assessment of "SA2," which reflect the expectation of timely systemic support from the Government of Canada.

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