The big bank's resilience to stress scenarios could drive higher ratings
Financial materiality is the pivotal test
"Sound management of economic policy is expected to continue," the rating agency said
Untapped loan-loss provisions provide support alongside stable revenues
The pandemic has produced much less credit stress than the 2008 financial crisis
After a tough 2020, corporate rating upgrades outnumber downgrades this year
The use of crypto is likely to increase balance sheet, regulatory and operating risks in El Salvador
Ratings outlooks are returning to pre-pandemic levels as economic recovery strengthens
RBC's rating was lowered as a result of the sector's weaker assessment
The agency affirmed Canada's AA+ rating, although debt remains a concern