Fitch affirms RBC

Fitch Ratings said it affirmed Royal Bank of Canada's long-term issuer default rating at AA, its short-term issuer default rating at F1+, senior secured debt at AA and subordinated debt at AA-.

Ratings reflect the bank's sound financial fundamentals supported by a leading domestic franchise in several business lines, the agency said.

Ratings also benefit from Canada's strong economic and regulatory environment, as well as a stable domestic banking market, the agency noted.

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