<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	
	>
<channel>
	<title>Comments on: Moody&#8217;s Downgrades Bermuda&#8217;s Rating To A1</title>
	<atom:link href="https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/feed/" rel="self" type="application/rss+xml" />
	<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/</link>
	<description>Bermuda&#039;s #1 source for 24/7 breaking news, photos &#38; videos</description>
	<lastBuildDate>Sun, 12 Apr 2026 17:32:17 +0000</lastBuildDate>
		<sy:updatePeriod>hourly</sy:updatePeriod>
		<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.7.5</generator>
	<item>
		<title>By: Fitch Downgrades Bermuda&#8217;s Ratings to &#8216;A+&#8217; &#124; Bernews.com</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2365413</link>
		<dc:creator><![CDATA[Fitch Downgrades Bermuda&#8217;s Ratings to &#8216;A+&#8217; &#124; Bernews.com]]></dc:creator>
		<pubDate>Fri, 30 May 2014 15:50:02 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2365413</guid>
		<description><![CDATA[[...] is the latest in a series of downgrades for the island, and the second one this month.  On May 19, 2014 Moody&#8217;s downgraded Bermuda to A1 from Aa3, in June 2013 Fitch downgraded Bermuda to AA-, in May 2013 [...]]]></description>
		<content:encoded><![CDATA[<p>[...] is the latest in a series of downgrades for the island, and the second one this month.  On May 19, 2014 Moody&#8217;s downgraded Bermuda to A1 from Aa3, in June 2013 Fitch downgraded Bermuda to AA-, in May 2013 [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Unbelievable</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2345981</link>
		<dc:creator><![CDATA[Unbelievable]]></dc:creator>
		<pubDate>Tue, 20 May 2014 20:33:41 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2345981</guid>
		<description><![CDATA[I just heard David Burt sound just like Bob Richards prior to the election.]]></description>
		<content:encoded><![CDATA[<p>I just heard David Burt sound just like Bob Richards prior to the election.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Raymond Ray</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2345074</link>
		<dc:creator><![CDATA[Raymond Ray]]></dc:creator>
		<pubDate>Tue, 20 May 2014 16:13:25 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2345074</guid>
		<description><![CDATA[Garcia, you just may have a point :-)]]></description>
		<content:encoded><![CDATA[<p>Garcia, you just may have a point <img src='https://cloudfront.bernews.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Garcia Lorca</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2345004</link>
		<dc:creator><![CDATA[Garcia Lorca]]></dc:creator>
		<pubDate>Tue, 20 May 2014 15:53:46 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2345004</guid>
		<description><![CDATA[To Bring Bermuda Back

1) High stakes casinos with plush red carpet, champagne, a mono-rail, legalized cannabis, lilies and flowers growing everywhere;

2) Strict laws on desecrating the environment in any way with harsh  penalties for disobedience;

3) Family planning laws starting with marriage and based on security.

4) Public flogging]]></description>
		<content:encoded><![CDATA[<p>To Bring Bermuda Back</p>
<p>1) High stakes casinos with plush red carpet, champagne, a mono-rail, legalized cannabis, lilies and flowers growing everywhere;</p>
<p>2) Strict laws on desecrating the environment in any way with harsh  penalties for disobedience;</p>
<p>3) Family planning laws starting with marriage and based on security.</p>
<p>4) Public flogging</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Raymond Ray</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2344740</link>
		<dc:creator><![CDATA[Raymond Ray]]></dc:creator>
		<pubDate>Tue, 20 May 2014 15:04:26 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2344740</guid>
		<description><![CDATA[There&#039;s an ole sayin&#039; &quot;one must go through hell in order to enter into heaven&quot; Bermuda has been through hell.
 Moody&#039;s Investors Services has stated we are now &quot;stable&quot;. In other words, we&#039;re no-longer digging any deeper in that hole instead we&#039;re possibly on the road to recovery... Now only time will / can tell.]]></description>
		<content:encoded><![CDATA[<p>There&#8217;s an ole sayin&#8217; &#8220;one must go through hell in order to enter into heaven&#8221; Bermuda has been through hell.<br />
 Moody&#8217;s Investors Services has stated we are now &#8220;stable&#8221;. In other words, we&#8217;re no-longer digging any deeper in that hole instead we&#8217;re possibly on the road to recovery&#8230; Now only time will / can tell.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mike Hind</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2344538</link>
		<dc:creator><![CDATA[Mike Hind]]></dc:creator>
		<pubDate>Tue, 20 May 2014 14:34:20 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2344538</guid>
		<description><![CDATA[Wow. Ok.

Never mind.]]></description>
		<content:encoded><![CDATA[<p>Wow. Ok.</p>
<p>Never mind.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Silence Do Good</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2343981</link>
		<dc:creator><![CDATA[Silence Do Good]]></dc:creator>
		<pubDate>Tue, 20 May 2014 13:16:09 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2343981</guid>
		<description><![CDATA[I am tired of kicking this economic horse to get up and go again with naysayer sitting on its neck.  I wonder what Bermuda’s rating was before the last government took the economic reins?

I give up!  The current government should move out of the way and let the ones who beat the horse into the ground see if they can get it back on its feet.  I bet the first thing they do is throw a BBQ (dead horse) and say we are feeding the masses.  When the meat runs out and our economic future is so far gone they will explain why devaluing the dollar is a good thing.  For every $1 US look you have $32 BDA.  We are all rich.]]></description>
		<content:encoded><![CDATA[<p>I am tired of kicking this economic horse to get up and go again with naysayer sitting on its neck.  I wonder what Bermuda’s rating was before the last government took the economic reins?</p>
<p>I give up!  The current government should move out of the way and let the ones who beat the horse into the ground see if they can get it back on its feet.  I bet the first thing they do is throw a BBQ (dead horse) and say we are feeding the masses.  When the meat runs out and our economic future is so far gone they will explain why devaluing the dollar is a good thing.  For every $1 US look you have $32 BDA.  We are all rich.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: We the people!! (1st)</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2343414</link>
		<dc:creator><![CDATA[We the people!! (1st)]]></dc:creator>
		<pubDate>Tue, 20 May 2014 11:53:12 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2343414</guid>
		<description><![CDATA[There has to be visionary leadership to significantly increase government revenue to help get us out of this fiscal mess. Increase in revenue is what is needed most.

This is an example of visionary leadership.

In the late 1970 comprehensive legislation and oversight procedures was put in place to make Bermuda the first country to formalize the captive industry. As a result we have the benefits of international business community today. The Cayman Islands quickly copied Bermuda. That is an example of vision leadership.

I&#039;m sorry but deciding to cut government spending is not the vision going forward. It will only temporality relieve us of the fiscal burden we are in. We need a bold, new, innovate idea (vision) to help us to get out of this mess. In these economic times all governments have cut spending, the US government have cut spending, the UK government, and in many other European countries their governments have cut spending, where is the leadership in that. Many people in their own lives have had to cut spending, that is not visionary leadership, it is necessary for survival. In other words, as the finance minister put it, &quot;we can&#039;t maintain the Status Quo.&quot;

There have been talks about deep offshore mining, not that I agree with it because I don&#039;t know much about it but that is an example of innovate, bold, leadership thinking. 

Without a vision going forward, people will continue to be distracted, discouraged and disengaged.

I don&#039;t know how you define visionary leadership, but to my mind the SAGE report is not it. All the report is - it&#039;s the Tylenol to relieve some of the pain, not the plan to fix the broken bone (fiscal system) in multiple places.]]></description>
		<content:encoded><![CDATA[<p>There has to be visionary leadership to significantly increase government revenue to help get us out of this fiscal mess. Increase in revenue is what is needed most.</p>
<p>This is an example of visionary leadership.</p>
<p>In the late 1970 comprehensive legislation and oversight procedures was put in place to make Bermuda the first country to formalize the captive industry. As a result we have the benefits of international business community today. The Cayman Islands quickly copied Bermuda. That is an example of vision leadership.</p>
<p>I&#8217;m sorry but deciding to cut government spending is not the vision going forward. It will only temporality relieve us of the fiscal burden we are in. We need a bold, new, innovate idea (vision) to help us to get out of this mess. In these economic times all governments have cut spending, the US government have cut spending, the UK government, and in many other European countries their governments have cut spending, where is the leadership in that. Many people in their own lives have had to cut spending, that is not visionary leadership, it is necessary for survival. In other words, as the finance minister put it, &#8220;we can&#8217;t maintain the Status Quo.&#8221;</p>
<p>There have been talks about deep offshore mining, not that I agree with it because I don&#8217;t know much about it but that is an example of innovate, bold, leadership thinking. </p>
<p>Without a vision going forward, people will continue to be distracted, discouraged and disengaged.</p>
<p>I don&#8217;t know how you define visionary leadership, but to my mind the SAGE report is not it. All the report is &#8211; it&#8217;s the Tylenol to relieve some of the pain, not the plan to fix the broken bone (fiscal system) in multiple places.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rhonda Neil</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2342752</link>
		<dc:creator><![CDATA[Rhonda Neil]]></dc:creator>
		<pubDate>Tue, 20 May 2014 10:22:51 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2342752</guid>
		<description><![CDATA[Yes, I was held back in grade 1, now my performance is positive,]]></description>
		<content:encoded><![CDATA[<p>Yes, I was held back in grade 1, now my performance is positive,</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Coffee</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2342462</link>
		<dc:creator><![CDATA[Coffee]]></dc:creator>
		<pubDate>Tue, 20 May 2014 09:35:33 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2342462</guid>
		<description><![CDATA[This underground double dealing by the OBA ex premier will not bode well in any ratings agencies next appraisal . However when it materialises feel free to blame the PLP if it makes you feel better .]]></description>
		<content:encoded><![CDATA[<p>This underground double dealing by the OBA ex premier will not bode well in any ratings agencies next appraisal . However when it materialises feel free to blame the PLP if it makes you feel better .</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mike Hind</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2341029</link>
		<dc:creator><![CDATA[Mike Hind]]></dc:creator>
		<pubDate>Tue, 20 May 2014 05:56:11 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2341029</guid>
		<description><![CDATA[So... the SAGE report is PART of the plan. You agree with that? Yes?

See, it seemed as though you were dismissing it altogether in your post up there.

If you agree that it IS, in fact, part of a plan, then cool. 

What I don&#039;t get is how you can say that there has been no leadership... and yet, they&#039;ve got part of a plan.]]></description>
		<content:encoded><![CDATA[<p>So&#8230; the SAGE report is PART of the plan. You agree with that? Yes?</p>
<p>See, it seemed as though you were dismissing it altogether in your post up there.</p>
<p>If you agree that it IS, in fact, part of a plan, then cool. </p>
<p>What I don&#8217;t get is how you can say that there has been no leadership&#8230; and yet, they&#8217;ve got part of a plan.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Black Soil</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2340595</link>
		<dc:creator><![CDATA[Black Soil]]></dc:creator>
		<pubDate>Tue, 20 May 2014 04:59:22 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2340595</guid>
		<description><![CDATA[Just more PLP fall out.  When you fight the flu you always feel worse before getting better.  You fail Betty to notice that the outlook Moody&#039;s post is improving.  When the ratings go up I look fwd to your drivel.]]></description>
		<content:encoded><![CDATA[<p>Just more PLP fall out.  When you fight the flu you always feel worse before getting better.  You fail Betty to notice that the outlook Moody&#8217;s post is improving.  When the ratings go up I look fwd to your drivel.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Seas the moment</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2340038</link>
		<dc:creator><![CDATA[Seas the moment]]></dc:creator>
		<pubDate>Tue, 20 May 2014 03:33:39 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2340038</guid>
		<description><![CDATA[Moodys&#039;got mood swings again,the glass is half full...was empty about a year and a half ago....michael ....break out the sea and ski it&#039;s gonna summer soon...I&#039;m sorry Craig stepped down stay thirsty my friend.On ward and upward....Remember this one small very important thing Craig....you brought money in the house...plp took all the money out the house....in the house....out the house.....hell dats a no brainah...]]></description>
		<content:encoded><![CDATA[<p>Moodys&#8217;got mood swings again,the glass is half full&#8230;was empty about a year and a half ago&#8230;.michael &#8230;.break out the sea and ski it&#8217;s gonna summer soon&#8230;I&#8217;m sorry Craig stepped down stay thirsty my friend.On ward and upward&#8230;.Remember this one small very important thing Craig&#8230;.you brought money in the house&#8230;plp took all the money out the house&#8230;.in the house&#8230;.out the house&#8230;..hell dats a no brainah&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Born Bermudian</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2339612</link>
		<dc:creator><![CDATA[Born Bermudian]]></dc:creator>
		<pubDate>Tue, 20 May 2014 02:24:39 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2339612</guid>
		<description><![CDATA[Whose held accountable? To many incompetent uneducated overpaid puppets have been given keys and a badge on this island]]></description>
		<content:encoded><![CDATA[<p>Whose held accountable? To many incompetent uneducated overpaid puppets have been given keys and a badge on this island</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: We the People (1st!!)</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2339041</link>
		<dc:creator><![CDATA[We the People (1st!!)]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:44:37 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2339041</guid>
		<description><![CDATA[The SAGE report is not the answer alone as the main focus/purpose of the report is to find ways to reduce Government spending and nothing is wrong that.

However, simply cutting cost alone will not get us out of this fiscal mess. We need an innovative economic vision or plan that will help us get out of the fiscal challenges facing this island. 

Vision is the key word. Not let&#039;s take a stab at this and see if it works. So far there has been no vision (leadership) from the government on the way forward.]]></description>
		<content:encoded><![CDATA[<p>The SAGE report is not the answer alone as the main focus/purpose of the report is to find ways to reduce Government spending and nothing is wrong that.</p>
<p>However, simply cutting cost alone will not get us out of this fiscal mess. We need an innovative economic vision or plan that will help us get out of the fiscal challenges facing this island. </p>
<p>Vision is the key word. Not let&#8217;s take a stab at this and see if it works. So far there has been no vision (leadership) from the government on the way forward.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: shutthemdown</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2339013</link>
		<dc:creator><![CDATA[shutthemdown]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:38:44 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2339013</guid>
		<description><![CDATA[the ubp/oba is going to fail bigtime]]></description>
		<content:encoded><![CDATA[<p>the ubp/oba is going to fail bigtime</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Campervan</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338949</link>
		<dc:creator><![CDATA[Campervan]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:25:43 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338949</guid>
		<description><![CDATA[Those civil service pensions are starting to look less  of a guarantee, especiallly now there are 6000 less worker bees on the rock. The remaining shrinking populace is on the hook  the bills . Lets not scare anyone else away people.]]></description>
		<content:encoded><![CDATA[<p>Those civil service pensions are starting to look less  of a guarantee, especiallly now there are 6000 less worker bees on the rock. The remaining shrinking populace is on the hook  the bills . Lets not scare anyone else away people.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: BETTTY TRUMP</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338942</link>
		<dc:creator><![CDATA[BETTTY TRUMP]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:24:32 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338942</guid>
		<description><![CDATA[This downgrade is NOT GOOD at all. This is a serious problem. The Minister Richards is clearly sleeping.  What this rating  clearly tells us is that the OBAubp never had a &quot;PLAN&quot; to move Bermuda forward in the first place. If Mr. Richards had a plan it would in the early stages of at least showing at least a growing spout. NOTHING so far.

 The JETGATE AFFAIR has set us back even further, by hurting Bermuda&#039;s ability for a big Hotel development. The OBAubp can not continue to use the BLAME THE PLP CARD as a method to escape from their lack of PLAN or SOLUTIONS for BERMUDA moving forward. 

The OBAubp need to get a PLAN together as fast as possible.]]></description>
		<content:encoded><![CDATA[<p>This downgrade is NOT GOOD at all. This is a serious problem. The Minister Richards is clearly sleeping.  What this rating  clearly tells us is that the OBAubp never had a &#8220;PLAN&#8221; to move Bermuda forward in the first place. If Mr. Richards had a plan it would in the early stages of at least showing at least a growing spout. NOTHING so far.</p>
<p> The JETGATE AFFAIR has set us back even further, by hurting Bermuda&#8217;s ability for a big Hotel development. The OBAubp can not continue to use the BLAME THE PLP CARD as a method to escape from their lack of PLAN or SOLUTIONS for BERMUDA moving forward. </p>
<p>The OBAubp need to get a PLAN together as fast as possible.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Al</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338939</link>
		<dc:creator><![CDATA[Al]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:23:17 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338939</guid>
		<description><![CDATA[Bingo.  

This marks a turning point in the rating agency&#039;s outlook.]]></description>
		<content:encoded><![CDATA[<p>Bingo.  </p>
<p>This marks a turning point in the rating agency&#8217;s outlook.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Ian</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338923</link>
		<dc:creator><![CDATA[Ian]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:20:20 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338923</guid>
		<description><![CDATA[Its funny how you people carry on with your &quot;14 years of terror&quot; mantra as if Bermuda didn&#039;t experience its most accelerated growth within that time frame. The amnesia is shocking. And then you pretend you didn&#039;t notice how, I don&#039;t know... maybe by coincidence perhaps, that the rest of pretty much the ENTIRE WESTERN WORLD found itself in deep doo doo post-2oo8 with record debt levels and financial collapse. Maybe it was the PLP that made that happen... Spend some time learning the history of our beloved western banking system and see if you can start putting two and two together...]]></description>
		<content:encoded><![CDATA[<p>Its funny how you people carry on with your &#8220;14 years of terror&#8221; mantra as if Bermuda didn&#8217;t experience its most accelerated growth within that time frame. The amnesia is shocking. And then you pretend you didn&#8217;t notice how, I don&#8217;t know&#8230; maybe by coincidence perhaps, that the rest of pretty much the ENTIRE WESTERN WORLD found itself in deep doo doo post-2oo8 with record debt levels and financial collapse. Maybe it was the PLP that made that happen&#8230; Spend some time learning the history of our beloved western banking system and see if you can start putting two and two together&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Ian</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338871</link>
		<dc:creator><![CDATA[Ian]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:12:14 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338871</guid>
		<description><![CDATA[Its funny how you idiots blame the PLP and OBA for this stuff. Read a book or two and get a clue on how global recessions work and how susceptible Bermuda is to longterm negative impact. WE HAVE NO DIVERSITY UNDERLYING OUR PRODUCTIVITY/GROWTH RETARDS! Are you really dumb enough to think it was strictly PLP fiscal mismanagement, temporary payroll tax hikes, and a few soundbites from Colonel Burch that done us in and scared away 5ooo fragile, oversensitive, &quot;I feel sooooo unwelcome&quot; expats/companies? Keep living in denial. And to the other idiots that think the OBA and our small time local politics have the influence it takes to shape GLOBAL financial dynamics [outside of a single industry] over night, then keep dreaming. The OBA can sell Bermuda, Bermuda status and preach trickle down economics all they want. It won&#039;t do a darn thing in the absence of creative solutions for deleveraging ourselves off of [re]insurance as our single source of real productivity.]]></description>
		<content:encoded><![CDATA[<p>Its funny how you idiots blame the PLP and OBA for this stuff. Read a book or two and get a clue on how global recessions work and how susceptible Bermuda is to longterm negative impact. WE HAVE NO DIVERSITY UNDERLYING OUR PRODUCTIVITY/GROWTH RETARDS! Are you really dumb enough to think it was strictly PLP fiscal mismanagement, temporary payroll tax hikes, and a few soundbites from Colonel Burch that done us in and scared away 5ooo fragile, oversensitive, &#8220;I feel sooooo unwelcome&#8221; expats/companies? Keep living in denial. And to the other idiots that think the OBA and our small time local politics have the influence it takes to shape GLOBAL financial dynamics [outside of a single industry] over night, then keep dreaming. The OBA can sell Bermuda, Bermuda status and preach trickle down economics all they want. It won&#8217;t do a darn thing in the absence of creative solutions for deleveraging ourselves off of [re]insurance as our single source of real productivity.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mike Hind</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338856</link>
		<dc:creator><![CDATA[Mike Hind]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:09:30 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338856</guid>
		<description><![CDATA[Why is the SAGE report not the plan?]]></description>
		<content:encoded><![CDATA[<p>Why is the SAGE report not the plan?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Sandy Bottom</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338828</link>
		<dc:creator><![CDATA[Sandy Bottom]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:05:38 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338828</guid>
		<description><![CDATA[Courtesy of the party that told us &quot;more debt is a good thing&quot;.    Yeah, well let&#039;s hope so.    We&#039;re stuck with it now for decades.]]></description>
		<content:encoded><![CDATA[<p>Courtesy of the party that told us &#8220;more debt is a good thing&#8221;.    Yeah, well let&#8217;s hope so.    We&#8217;re stuck with it now for decades.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: nuffin but the truth</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338809</link>
		<dc:creator><![CDATA[nuffin but the truth]]></dc:creator>
		<pubDate>Tue, 20 May 2014 00:02:25 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338809</guid>
		<description><![CDATA[the blame lays only with the plp friends and family plans during the 14 years that Bermudians allowed them to do as they liked.]]></description>
		<content:encoded><![CDATA[<p>the blame lays only with the plp friends and family plans during the 14 years that Bermudians allowed them to do as they liked.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: We the People (1st!!)</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338758</link>
		<dc:creator><![CDATA[We the People (1st!!)]]></dc:creator>
		<pubDate>Mon, 19 May 2014 23:53:39 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338758</guid>
		<description><![CDATA[To be clear, I agree with Onion.]]></description>
		<content:encoded><![CDATA[<p>To be clear, I agree with Onion.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: We the People (1st!!)</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338754</link>
		<dc:creator><![CDATA[We the People (1st!!)]]></dc:creator>
		<pubDate>Mon, 19 May 2014 23:52:40 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338754</guid>
		<description><![CDATA[I agree. 

However, the question has to be asked, where is the vision from our political leaders to get us out of this mess? It is easy to say blame the PLP but that does nothing to move us forward. The PLP was voted out.

Under this OBA government, what is the plan or vision to get us out of this mess? The SAGE report is not the plan.]]></description>
		<content:encoded><![CDATA[<p>I agree. </p>
<p>However, the question has to be asked, where is the vision from our political leaders to get us out of this mess? It is easy to say blame the PLP but that does nothing to move us forward. The PLP was voted out.</p>
<p>Under this OBA government, what is the plan or vision to get us out of this mess? The SAGE report is not the plan.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: non politics</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338427</link>
		<dc:creator><![CDATA[non politics]]></dc:creator>
		<pubDate>Mon, 19 May 2014 22:53:10 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338427</guid>
		<description><![CDATA[when your beloved band of c***** admit you started it and had no idea what you were doing stupid statement and shows you have no idea of what you speak!!]]></description>
		<content:encoded><![CDATA[<p>when your beloved band of c***** admit you started it and had no idea what you were doing stupid statement and shows you have no idea of what you speak!!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kangoocar</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338259</link>
		<dc:creator><![CDATA[Kangoocar]]></dc:creator>
		<pubDate>Mon, 19 May 2014 22:25:51 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338259</guid>
		<description><![CDATA[Yup!!! You can thank the plp for those things!!! Those are exactly the types of things that is keeping us in the financial cesspit the plp drove us all into!!! The OBA have a massive hill to climb because of the constant incompetent things the plp did!!!!! The money being spent each month NOW, could have gone towards turning our economy around!!! Just wait until we have to start paying for the hospital that was built under the plp who never gave a thought to how it would be paid for????]]></description>
		<content:encoded><![CDATA[<p>Yup!!! You can thank the plp for those things!!! Those are exactly the types of things that is keeping us in the financial cesspit the plp drove us all into!!! The OBA have a massive hill to climb because of the constant incompetent things the plp did!!!!! The money being spent each month NOW, could have gone towards turning our economy around!!! Just wait until we have to start paying for the hospital that was built under the plp who never gave a thought to how it would be paid for????</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: CBA</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338182</link>
		<dc:creator><![CDATA[CBA]]></dc:creator>
		<pubDate>Mon, 19 May 2014 22:12:15 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338182</guid>
		<description><![CDATA[Ahh but the outlook is now stable, up from negative.]]></description>
		<content:encoded><![CDATA[<p>Ahh but the outlook is now stable, up from negative.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kangoocar</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338072</link>
		<dc:creator><![CDATA[Kangoocar]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:56:22 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338072</guid>
		<description><![CDATA[Kangoocar will say it all!!! Rhonda, you and your plp are the ones that had, and still have no clue to the damage you caused with your time of carnage!!! The damage you guys caused will be felt for a long time to come!!! Instead of displaying your ignorance, you should be apologizing to all those that are suffering because of the fiscal carnage your plp caused!!!!]]></description>
		<content:encoded><![CDATA[<p>Kangoocar will say it all!!! Rhonda, you and your plp are the ones that had, and still have no clue to the damage you caused with your time of carnage!!! The damage you guys caused will be felt for a long time to come!!! Instead of displaying your ignorance, you should be apologizing to all those that are suffering because of the fiscal carnage your plp caused!!!!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Onion</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338066</link>
		<dc:creator><![CDATA[Onion]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:55:34 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338066</guid>
		<description><![CDATA[It is mind boggling to me that we&#039;re in such a deep financial crisis but seem to have the money to spend millions of dollars a year (with interest) on things like non-emissions testing and gigantic swimming pools.]]></description>
		<content:encoded><![CDATA[<p>It is mind boggling to me that we&#8217;re in such a deep financial crisis but seem to have the money to spend millions of dollars a year (with interest) on things like non-emissions testing and gigantic swimming pools.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Meeeee</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2338017</link>
		<dc:creator><![CDATA[Meeeee]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:47:37 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2338017</guid>
		<description><![CDATA[&quot;On 16 May 2014, a rating committee was called to discuss the rating of the Bermuda, Government. The main points raised during the discussion were: The issuer’s economic fundamentals, including its economic strength, have decreased. The issuer’s institutional strength/ framework, have not materially changed. The issuer’s governance and/or management, have increased. The issuer’s fiscal or financial strength, including its debt profile, has materially decreased. The issuer’s susceptibility to event risks has not materially changed.&quot;

In plain language?  Bermuda is not out of the doo-doo and it might get into deeper doo-doo.

The tone and style of the written language of these reports is almost exactly the opposite or inverse of the words spoken by the report writers.

But their resulting written description remains. Bermuda is not out of its mess and might get in deeper.]]></description>
		<content:encoded><![CDATA[<p>&#8220;On 16 May 2014, a rating committee was called to discuss the rating of the Bermuda, Government. The main points raised during the discussion were: The issuer’s economic fundamentals, including its economic strength, have decreased. The issuer’s institutional strength/ framework, have not materially changed. The issuer’s governance and/or management, have increased. The issuer’s fiscal or financial strength, including its debt profile, has materially decreased. The issuer’s susceptibility to event risks has not materially changed.&#8221;</p>
<p>In plain language?  Bermuda is not out of the doo-doo and it might get into deeper doo-doo.</p>
<p>The tone and style of the written language of these reports is almost exactly the opposite or inverse of the words spoken by the report writers.</p>
<p>But their resulting written description remains. Bermuda is not out of its mess and might get in deeper.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Unbelievable</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337999</link>
		<dc:creator><![CDATA[Unbelievable]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:45:12 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337999</guid>
		<description><![CDATA[You do realise that the outlook has been changed from negative to stable? 

That&#039;s far better than the descent that the PLP allowed and the OBA had to grapples with when they took over.]]></description>
		<content:encoded><![CDATA[<p>You do realise that the outlook has been changed from negative to stable? </p>
<p>That&#8217;s far better than the descent that the PLP allowed and the OBA had to grapples with when they took over.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: SL</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337960</link>
		<dc:creator><![CDATA[SL]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:39:16 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337960</guid>
		<description><![CDATA[Not good Bermuda]]></description>
		<content:encoded><![CDATA[<p>Not good Bermuda</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rhonda Neil</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337871</link>
		<dc:creator><![CDATA[Rhonda Neil]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:23:10 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337871</guid>
		<description><![CDATA[Moody&#039;s said it all.... the OBA hasn&#039;t clue...]]></description>
		<content:encoded><![CDATA[<p>Moody&#8217;s said it all&#8230;. the OBA hasn&#8217;t clue&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jetgate!</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337864</link>
		<dc:creator><![CDATA[Jetgate!]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:22:10 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337864</guid>
		<description><![CDATA[Jetgate!]]></description>
		<content:encoded><![CDATA[<p>Jetgate!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jetgate</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337826</link>
		<dc:creator><![CDATA[Jetgate]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:13:31 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337826</guid>
		<description><![CDATA[Jetgate]]></description>
		<content:encoded><![CDATA[<p>Jetgate</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Rhonda Neil</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337802</link>
		<dc:creator><![CDATA[Rhonda Neil]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:08:42 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337802</guid>
		<description><![CDATA[The Emperor has no clothes...
How will we continue to allow the Finance Minister to tell us that a downgrade is good, before we call him out on it....]]></description>
		<content:encoded><![CDATA[<p>The Emperor has no clothes&#8230;<br />
How will we continue to allow the Finance Minister to tell us that a downgrade is good, before we call him out on it&#8230;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Terry.</title>
		<link>https://bernews.com/2014/05/moodys-downgrades-bermudas-rating-to-a1/#comment-2337793</link>
		<dc:creator><![CDATA[Terry.]]></dc:creator>
		<pubDate>Mon, 19 May 2014 21:07:58 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=289256#comment-2337793</guid>
		<description><![CDATA[Betty?
Chris?
Craig?
Mike?

Lobster time. And a rum.

Season? 
It&#039;s not raining.
Shalom.]]></description>
		<content:encoded><![CDATA[<p>Betty?<br />
Chris?<br />
Craig?<br />
Mike?</p>
<p>Lobster time. And a rum.</p>
<p>Season?<br />
It&#8217;s not raining.<br />
Shalom.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

<!-- Performance optimized by W3 Total Cache. Learn more: http://www.w3-edge.com/wordpress-plugins/

Page Caching using memcached
Database Caching 29/31 queries in 0.004 seconds using memcached
Object Caching 873/876 objects using memcached
Content Delivery Network via cloudfront.bernews.com

Served from: bernews.com @ 2026-04-12 16:39:48 -->