- Language: English
- Published: June 2012
- Region: Bermuda
Summary: Bermuda Dec 11
- ID: 2036010
- December 2011
- Region: Bermuda
- Standard & Poors
The ratings on Bermuda reflect Standard & Poor's Ratings Services' opinion of the sovereign's "very strong" political and economic profile and "moderately strong" flexibility and performance profile, as defined in our criteria (see "Sovereign Government Rating Methodology And Assumptions" published June 30, 2011, on RatingsDirect on the Global Credit Portal). Our "very strong" political and economic profile appraisal rests on our view of Bermuda's effective and predictable policymaking and its stable political institutions. Together, they have helped this the largest British Overseas Territory (BOT) to deliver solid economic growth in the past (real GDP growth averaged 3.4% per year during 1997-2007) and to manage the recent recession (with timely, targeted, and temporary stimulus and deft intervention to support Bank of...
Companies mentioned in this report are:
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >