OREANDA-NEWS. Fitch Ratings has assigned an 'AA' rating to Royal Bank of Canada, Sydney Branch's Australian Dollar senior unsecured notes.

The rating is equalized with the ratings of The Royal Bank of Canada (RY), which was last affirmed on Jan. 23, 2015 following Fitch's Canadian Bank peer review.

The Royal Bank of Canada, Sydney Branch is a branch of RY. As such, senior unsecured issuances of the Royal Bank of Canada, Sydney Branch would rank pari passu with other senior unsecured issuances of RY.

KEY RATING DRIVERS

Senior Unsecured Debt

Royal Bank of Canada, Sydney Branch's senior debt ratings are equalized with the long-term ratings of RY, currently with a long-term Issuer Default Rating (IDR) of 'AA'.

RATING SENSITIVITIES

Senior Unsecured Debt

Royal Bank of Canada, Sydney Branch's ratings are sensitive to any changes in the Issuer Default Rating (IDR) of RY.

Fitch has assigned the following rating:

Royal Bank of Canada, Sydney Branch
--Long-tern senior unsecured debt 'AA'.