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Credit ratings

Other

"Tower companies placed ‘under review’ by Best"

Rating agency A.M. Best Co.announced this evening that they have placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the pooled and reinsured members of the T...
Aug 14, 2013
Other

"Lancashire praised, upgraded by AM Best"

An upgrade in outlook from stable to positive has been given to Bermuda-based Lancashire Insurance Company Limited, along with Lancashire Insurance Company (UK) Limited by ratings agency AM Best, which also affirmed the issuer credit rating (ICR) of ...
Jun 20, 2013
Other

"Lancashire praised, upgraded by AM Best"

An upgrade in outlook from stable to positive has been given to Bermuda-based Lancashire Insurance Company Limited, along with Lancashire Insurance Company (UK) Limited by ratings agency AM Best, which also affirmed the issuer credit rating (ICR) of ...
Jun 19, 2013
Other

"Downgrade for Bermuda ‘disappointing’"

Fitch Ratings yesterday downgraded Bermuda’s credit rating, citing the Island’s continuing recession, sustained high fiscal deficits and increased Government debt burden. Downgrading Bermuda’s Government bond rating to ‘AA-’ and changing the rating o...
Jun 08, 2013
Other

"Finance Minister responds to Moody’s report"

Finance Minister Bob Richards has responded to news ratings firm Moody’s has placed Bermuda's Aa2 government bond rating on review for possible downgrade. Moody's Investors Service said that the review is prompted by “the steep rise in government de...
Apr 03, 2013
Editorials

S&P fires a warning shot

Standard & Poor’s Rating Services fired a shot across Bermuda’s bow by revising the outlook for the Island’s credit rating from ‘stable’ to ‘negative’. Although the seriousness of Government’s mounting debt was already apparent, the rating agency’s d...
Apr 01, 2013
Other

"Fitch Ratings spells out fiscal challenges for new govt"

After three years of recession, the new OBA Government faces a major challenge in paving the way for a resumption of growth, according to Fitch Ratings. “The new government faces a pressing need to address high unemployment, a continuing recession, ...
Dec 19, 2012
Reinsurance

"Montpelier’s ‘A-’ rating affirmed"

Montpelier Reinsurance Ltd, the principal (re) insurance operating subsidiary of Montpelier Re Holdings Ltd, has been affirmed the insurer financial strength (IFS) rating of ‘A-’ by Fitch Ratings. The rating outlook remains positive. Fitch’s affirmat...
Jan 11, 2012
Other

S&P cuts Bermuda’s sovereign credit rating

Bermuda’s foreign-currency long-term sovereign credit rating has been lowered by Standard & Poor’s Ratings Services (S&P) who cited the Island’s lack of monetary flexibility as a credit weakness. The ratings agency yesterday cut Bermuda’s local and ...
Dec 30, 2011
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