Moody’s Investor Service has assigned a Prime-1 rating to Royal Bank of Canada’s $10 Billion ABCP Program called Bedford Row Funding Corp.

The ABCP conduit will issue callable CP Notes, puttable CP Notes, floating Rate CP Notes, and investor-option extendible CP Notes, according to a Moody’s report. The Notes will have maturities of up to 360 days.  

RBC will provide full credit and liquidity support for each  transaction through the loan agreements and collateral transfer  agreement.

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