Standard & Poor’s Ratings Services has assigned RBC Dexia Investor Services a ‘AA-‘ long-term and ‘A-1+’ short-term counterparty credit ratings.
This is the first time Standard & Poor’s has rated RBC Dexia Investor Services Ltd., the holding company under which RBC Dexia Investor Services and its affiliates operate.
According to Standard & Poor’s, these ratings take into account the group’s profitability, economies of scale, recurring revenues and liquidity. Standard & Poor’s describes the organization’s outlook as ‘stable’, noting the expectation that RBC Dexia will continue to demonstrate strong financial performance.
“We are very pleased that Standard & Poor’s recognizes RBC Dexia’s solid financial performance,” says Jos Placido, Chief Executive Officer of RBC Dexia Investor Services. “These favourable ratings and outlook clearly demonstrate the strength and advantages of RBC Dexia’s diverse global operations.”
Standard & Poor’s also noted that it expects RBC Dexia to continue to receive significant support from and maintain operational links with its parent shareholders, Royal Bank of Canada and Dexia, and that business ties with the parent organizations are strong, relying on client service relationships, liquidity support and potential additional capital injections to support external growth.