S&P gives RBC Dominion Securities AA-

S&P said it assigned its AA- long-term and A-1+ short-term issuer credit ratings to RBC Dominion Securities Inc. (RBC DS).

The outlook is negative.

The rating reflects that on its parent, Royal Bank of Canada (RBC).

"We believe RBC DS is core to RBC, reflecting the company's integration with and integral part of RBC's overall strategy, vital role in RBC's investment banking offering in Canada, and significant presence in the Canadian investment banking sector," S&P credit analyst Lidia Parfeniuk said in a news release.

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