Standard & Poor's assigns AA- long-term and A-1+ short-term credit ratings to RBC Dexia Investor Ser

Date: Wednesday, December 13, 2006
Author: Opalesque.com

 Standard & Poor's Ratings Services has assigned RBC Dexia Investor Services Ltd. its 'AA-' long-term and 'A-1+' short-term counterparty credit ratings. This represents the first rating from Standard & Poor's for 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 sound profitability, resulting from large economies of scale, recurring revenues and sound liquidity. Standard & Poor's has also characterized 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," said José 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."