Log In

Shadow Finance Minister Bob Richards has said that Bermuda’s sovereign credit rating downgrade was inevitable given the deteriorating fiscal state of Government. Bermuda’s foreign-currency long-term sovereign credit rating was lowered by Standard & P...

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 ...

Bermuda’s AA+ credit rating was yesterday affirmed by Fitch Ratings, which expects the Island to see “mild economic expansion” in each of the next two years. But the rating agency said a smaller public debt burden was “desirable” for a country with B...

Alterra Capital Holdings Ltd, the reinsurer created in the 2010 merger of Max Capital Group and Harbor Point Ltd, had its credit rating raised by Standard & Poor’s, citing the strength of the combination. The financial strength and counterparty credi...

Credit rating agency Standard & Poor’s has lowered HSBC Bermuda’s outlook to “negative” from “stable” because of concerns over potential deterioration of its loan book. S&P affirmed the bank’s credit rating at AA-, which is the highest of any bank in...