Standard & Poor's: Awarded A-1+ short-term issue rating to the 9.5 billion Australian dollar floating rate notes issued by Royal Bank of Canada (RY.US) Sydney branch.

On December 4, Standard & Poor's awarded a short-term issuer rating of "A-1+" to the AUD 950 million floating rate notes issued by the Sydney branch of the Royal Bank of Canada (RY.US) with a maturity date of December 2, 2026. Since the Sydney branch is a subsidiary of the same legal entity as the Royal Bank of Canada, its credit quality is consistent with the parent company, resulting in the same rating for the notes as the short-term issuer credit rating of Royal Bank of Canada.