diff --git a/src/EditorFeatures/CSharpTest/Classification/SemanticClassifierTests.cs b/src/EditorFeatures/CSharpTest/Classification/SemanticClassifierTests.cs
index 2e7e57b3eaf49..88cef8127f556 100644
--- a/src/EditorFeatures/CSharpTest/Classification/SemanticClassifierTests.cs
+++ b/src/EditorFeatures/CSharpTest/Classification/SemanticClassifierTests.cs
@@ -4086,6 +4086,68 @@ public async Task TestStringEscape9(TestHost testHost)
                 Escape(@"}}"));
         }
 
+        [Theory]
+        [CombinatorialData]
+        public async Task TestNotStringEscapeInRawLiteral1(TestHost testHost)
+        {
+            await TestInMethodAsync(@"var goo = """"""goo\r\nbar"""""";",
+                testHost,
+                Keyword("var"));
+        }
+
+        [Theory]
+        [CombinatorialData]
+        public async Task TestNotStringEscapeInRawLiteral2(TestHost testHost)
+        {
+            await TestInMethodAsync(@"var goo = """"""
+    goo\r\nbar
+    """""";",
+                testHost,
+                Keyword("var"));
+        }
+
+        [Theory]
+        [CombinatorialData]
+        public async Task TestNotStringEscapeInRawLiteral3(TestHost testHost)
+        {
+            await TestInMethodAsync(@"var goo = $""""""
+    goo\r\nbar
+    """""";",
+                testHost,
+                Keyword("var"));
+        }
+
+        [Theory]
+        [CombinatorialData]
+        public async Task TestNotStringEscapeInRawLiteral4(TestHost testHost)
+        {
+            await TestInMethodAsync(@"var goo = """"""\"""""";",
+                testHost,
+                Keyword("var"));
+        }
+
+        [Theory]
+        [CombinatorialData]
+        public async Task TestNotStringEscapeInRawLiteral5(TestHost testHost)
+        {
+            await TestInMethodAsync(@"var goo = """"""
+    \
+    """""";",
+                testHost,
+                Keyword("var"));
+        }
+
+        [Theory]
+        [CombinatorialData]
+        public async Task TestNotStringEscapeInRawLiteral6(TestHost testHost)
+        {
+            await TestInMethodAsync(@"var goo = $""""""
+    \
+    """""";",
+                testHost,
+                Keyword("var"));
+        }
+
         [WorkItem(31200, "https://github.com/dotnet/roslyn/issues/31200")]
         [Theory]
         [CombinatorialData]
diff --git a/src/Workspaces/Core/Portable/EmbeddedLanguages/LanguageServices/FallbackSyntaxClassifier.cs b/src/Workspaces/Core/Portable/EmbeddedLanguages/LanguageServices/FallbackSyntaxClassifier.cs
index 10cb42c5c7ba9..76bb4f5cd772a 100644
--- a/src/Workspaces/Core/Portable/EmbeddedLanguages/LanguageServices/FallbackSyntaxClassifier.cs
+++ b/src/Workspaces/Core/Portable/EmbeddedLanguages/LanguageServices/FallbackSyntaxClassifier.cs
@@ -36,6 +36,11 @@ public override void AddClassifications(
             if (virtualChars.IsDefaultOrEmpty)
                 return;
 
+            // Can avoid any work if we got the same number of virtual characters back as characters in the string. In
+            // that case, there are clearly no escaped characters.
+            if (virtualChars.Length == token.Text.Length)
+                return;
+
             foreach (var vc in virtualChars)
             {
                 if (vc.Span.Length > 1)
diff --git a/src/Workspaces/SharedUtilitiesAndExtensions/Compiler/CSharp/EmbeddedLanguages/VirtualChars/CSharpVirtualCharService.cs b/src/Workspaces/SharedUtilitiesAndExtensions/Compiler/CSharp/EmbeddedLanguages/VirtualChars/CSharpVirtualCharService.cs
index 769ea9ab8bfce..bbf3e04d0a3b1 100644
--- a/src/Workspaces/SharedUtilitiesAndExtensions/Compiler/CSharp/EmbeddedLanguages/VirtualChars/CSharpVirtualCharService.cs
+++ b/src/Workspaces/SharedUtilitiesAndExtensions/Compiler/CSharp/EmbeddedLanguages/VirtualChars/CSharpVirtualCharService.cs
@@ -54,7 +54,7 @@ protected override VirtualCharSequence TryConvertToVirtualCharsWorker(SyntaxToke
                 return TryConvertStringToVirtualChars(token, "'", "'", escapeBraces: false);
 
             if (token.Kind() is SyntaxKind.SingleLineRawStringLiteralToken or SyntaxKind.MultiLineRawStringLiteralToken)
-                return TryConvertRawStringToVirtualChars(token);
+                return TryConvertRawStringToVirtualChars(token, skipDelimiterQuotes: true);
 
             if (token.Kind() == SyntaxKind.InterpolatedStringTextToken)
             {
@@ -64,9 +64,16 @@ protected override VirtualCharSequence TryConvertToVirtualCharsWorker(SyntaxToke
 
                 if (parent.Parent is InterpolatedStringExpressionSyntax interpolatedString)
                 {
-                    return interpolatedString.StringStartToken.Kind() == SyntaxKind.InterpolatedVerbatimStringStartToken
-                       ? TryConvertVerbatimStringToVirtualChars(token, "", "", escapeBraces: true)
-                       : TryConvertStringToVirtualChars(token, "", "", escapeBraces: true);
+                    return interpolatedString.StringStartToken.Kind() switch
+                    {
+                        SyntaxKind.InterpolatedStringStartToken
+                            => TryConvertStringToVirtualChars(token, "", "", escapeBraces: true),
+                        SyntaxKind.InterpolatedVerbatimStringStartToken
+                            => TryConvertVerbatimStringToVirtualChars(token, "", "", escapeBraces: true),
+                        SyntaxKind.InterpolatedSingleLineRawStringStartToken or SyntaxKind.InterpolatedMultiLineRawStringStartToken
+                            => TryConvertRawStringToVirtualChars(token, skipDelimiterQuotes: false),
+                        _ => default,
+                    };
                 }
             }
 
@@ -89,25 +96,29 @@ private static bool IsInDirective(SyntaxNode? node)
         private static VirtualCharSequence TryConvertVerbatimStringToVirtualChars(SyntaxToken token, string startDelimiter, string endDelimiter, bool escapeBraces)
             => TryConvertSimpleDoubleQuoteString(token, startDelimiter, endDelimiter, escapeBraces);
 
-        private static VirtualCharSequence TryConvertRawStringToVirtualChars(SyntaxToken token)
+        private static VirtualCharSequence TryConvertRawStringToVirtualChars(
+            SyntaxToken token, bool skipDelimiterQuotes)
         {
             var tokenText = token.Text;
             var offset = token.SpanStart;
 
-            Contract.ThrowIfFalse(tokenText[0] == '"');
-            Contract.ThrowIfFalse(tokenText[^1] == '"');
-
             using var _ = ArrayBuilder<VirtualChar>.GetInstance(out var result);
 
             var startIndexInclusive = 0;
             var endIndexExclusive = tokenText.Length;
 
-            while (tokenText[startIndexInclusive] == '"')
+            if (skipDelimiterQuotes)
             {
-                // All quotes should be paired at the end
-                Contract.ThrowIfFalse(tokenText[endIndexExclusive - 1] == '"');
-                startIndexInclusive++;
-                endIndexExclusive--;
+                Contract.ThrowIfFalse(tokenText[0] == '"');
+                Contract.ThrowIfFalse(tokenText[^1] == '"');
+
+                while (tokenText[startIndexInclusive] == '"')
+                {
+                    // All quotes should be paired at the end
+                    Contract.ThrowIfFalse(tokenText[endIndexExclusive - 1] == '"');
+                    startIndexInclusive++;
+                    endIndexExclusive--;
+                }
             }
 
             for (var index = startIndexInclusive; index < endIndexExclusive;)