Ownership change reinforces Dexia as a “core” subsidiary of RBC
Ratings agency expects the pace of defaults to continue to slow
Firm set to benefit from increased upstream dividend capacity
Emerging markets drive positive swing in ratings, led by Russia
Stolen data on 24,000 client accounts could have reputational repercussions
Efforts to raise capital have helped Manulife absorb market declines
Odyssey Re privatization offers greater upstream dividend potential, firm says
Rating agency cites concerns about profitability in market uncertainty
Some downgrades are expected
New actions aim to increase transparency and maintain investor confidence