Moody’s Investors Service (Moody’s) has assigned Aa2/VMIG 1 letter of credit backed rating to RBC Taxable TOB Trust II (Muni. Moody’s currently rates the Bank’s long-term and short-term Counterparty Risk (CR) Assessment Aa2(cr) and P-1(cr), respectively. » Long-term: Moody’s upgrades the long-term CR Assessment of the Bank.