Fitch Affirms PNC Financial Services Group, Inc.; Places RBC Bank (USA) on Rating Watch Negative.
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Fitch Affirms PNC Financial Services Group, Inc.; Places RBC Bank (USA) on Rating Watch Negative.
CHICAGO -- Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of PNC Financial Services Group, Inc. at 'A+' with a Stable Rating Outlook. This action follows the announcement that the company has entered into an agreement to acquire RBC Bank (USA), the U.S. bank subsidiary of Royal Bank of Canada (RY). Simultaneously, Fitch has placed the 'AA/F1+' long and short-term IDRs of RBC Bank (USA) on Rating Watch ...
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