You can convert any signal you want to whatever you want. You gotta pay tho, often a lot. There are HDCP "Strippers" as some HDMI splitters unintentionally (or sometimes intentionally) strip the HDCP from HDMI. These devices are not technically legal to sell (breaking the DCMA's law against circumventing copy protection mechanisms, at least in the US), but you can still buy them, it's just gonna be hard to locate them.
For me if I had money I would purchase something that could convert RGB directly into YPbPr so I can use SCART connections on my American television equipment. I also have a Commodore 1084 monitor with Analog RGB that it can theoretically sync to both to PAL and NTSC in colour.
It's a dream of mine, in particular, to never have to deal with converting signals ever again, and to be in a position where I can not care about what a device outputs/inputs, and that I can deal with it in near perfect quality.