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Fitch Ratings assigns ratings.

New York: Fitch Ratings, a nationally recognized statistical rating organization (NRSRO) designated by the U.S. Securities and Exchange Commission, assigned the following ratings: --RBC Municipal Floater Certificates (Floater Certificates) Series G-60 'AA'/'F1+'/Stable Outlook; and--RBC Municipal Residual Certificates (Residual Certificates) Series G-60 'AA'/Outlook Stable.

The Long-term 'AA+'/Outlook Stable rating assigned to series G-63 Custodial Receipts is based on the higher of the ratings that Fitch has assigned to District of Columbia (Washington, D.C.) General Obligation Bonds Series 2015(AA+/Stable) deposited with the custodian and Royal Bank of Canada, acting through a New York branch (RBC; AA/F1+/Stable) provider of the irrevocable direct-pay letters of credit (LOCs), which has a stated expiration date of Sept. 20, 2019, unless such date is extended or earlier terminated, which secures the custodial receipts deposited in the trust. The Long-term 'AA+'/Stable Outlook ratings assigned to the Floater and Residual Certificates are based on the rating that Fitch has assigned to Custodial Receipts.

The others are--RBC Municipal Custodial Receipts of the RBC Municipal Products Trust Series G-60A and G-60B 'AA'/Outlook Stable;

--RBC Municipal Floater Certificates (Floater Certificates) Series G-61 'AA'/'F1+'/Stable Outlook;

--RBC Municipal Residual Certificates (Residual Certificates) and Custodial Receipts of the RBC Municipal Products Trust Series G-61 'AA'/Outlook Stable;

--RBC Municipal Floater Certificates (Floater Certificates) Series G-62 'AA'/'F1+'/Stable Outlook;

--RBC Municipal Residual Certificates (Residual Certificates) series G-62 'AA'/Outlook Stable;

--RBC Municipal Custodial Receipts of the RBC Municipal Products Trust Series G-62A and G-62B 'AA'/Outlook Stable;

--RBC Municipal Floater Certificates (Floater Certificates) Series G-63 'AA+/F1+'/Stable Outlook;

--RBC Municipal Residual Certificates (Residual Certificates) series G-63 'AA+'/Outlook Stable;

--RBC Municipal Custodial Receipts of the RBC Municipal Products Trust Series G-63A and G-63B 'AA+'/Outlook Stable;

--RBC Municipal Floater Certificates (Floater Certificates) Series G-64 'AA/F1+'/Stable Outlook;

--RBC Municipal Residual Certificates (Residual Certificates) and Custodial Receipts of the RBC Municipal Products Trust Series G-64 'AA'/Outlook Stable.

The Long-term 'AA'/Outlook Stable rating assigned to series G-60, G-61, G-62 and G-64 custodial receipts are based on the rating that Fitch has assigned to the Royal Bank of Canada, acting through a New York branch, (RBC; AA/F1+/Stable) the provider of the irrevocable direct-pay letter(s) of credit (LOCs), which secures the trust receipts deposited in the trusts that have a stated expiration date of Sept. 20, 2019, unless such date is extended or earlier terminated, which secures the custodial receipts deposited in the trust. The Long-term 'AA'/Stable Outlook ratings assigned to the Floater and Residual Certificates are based on the rating that Fitch has assigned to Custodial Receipts.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1U2NY
Date:Dec 29, 2018
Words:441
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