Comments on: Finance Minister: S&P Rating Is ‘Positive News’

By: Build a Better Bermuda

Build a Better Bermuda — Tue, 03 May 2016 15:00:08 +0000

Sorry, but weren’t you chiming in about how when they were still downgrading us under the OBA, that it was a sign of bad government, etc… now they are clueless about who we are…

By: Onion Juice

Onion Juice — Tue, 03 May 2016 14:58:52 +0000

Something looks Fuzzy.

By: Cow Polly

Cow Polly — Tue, 03 May 2016 12:32:23 +0000

It is good news for the island when an independent body such as the S&P gives a positive opinion based on how the island is viewed from an external perspective. All the petty politicians and armchair economists can voice their objections all they want (see Portia’s post above) but if financial institutions are supporting our Government’s recovery plan and see stability in our future then, in the words of Martha Stewart “It’s a good thing”!

By: Double S

Double S — Tue, 03 May 2016 12:19:01 +0000

So they were right when they issued a downgrade.

But clueless when they give positive news regarding Bermuda’s economy.

They are right. The closing of the PLP’s $400mn deficit and the renewed foreign direct investment into the island is positive.

S&P doesn’t care about your emotions and neither do our creditors.

They care about facts.

By: Portia

Portia — Tue, 03 May 2016 11:13:52 +0000

“Effective policymaking and political stability”? Seriously? Were these guys even paying attention to what’s been going on here since the start of this year? Bermuda has never BEEN more unstable, Never mind the fact that the report doesn’t even give the true unemployment rate (because Government doesn’t even know it themselves) or the fact that the recent budget is almost guaranteed to cause an exodus of more Bermudians next year and a bad hit for local businesses.

S&P…a bunch of guys from overseas, who have likely never set foot on the Island (or even know where Bermuda is exactly) trying to tell us nonsense.

By: Average Bermudian

Average Bermudian — Tue, 03 May 2016 10:43:46 +0000

fey ?

By: Triangle Drifter

Triangle Drifter — Tue, 03 May 2016 01:07:40 +0000

Bad news. The PLP will not want to see that. They are in the rinse cycle. Spin is up next.

By: Joshua

Joshua — Mon, 02 May 2016 23:00:10 +0000

Awesome progress

By: Raymond Ray

Raymond Ray — Mon, 02 May 2016 20:51:15 +0000

Now this is GREAT news: “Deputy Premier and Minister of Finance Bob Richards today welcomed a new sovereign ratings notification from the Standard & Poor’s rating agency. S&P affirmed Bermuda’s rating at A+ and maintained our stable outlook”.