Hashtag: #S&P
S&P Move Bank Of Butterfield ICR To ‘BBB’
Standard & Poor’s Ratings Services said it lowered its long-term issuer credit rating [ICR] and senior unsecured debt rating on the Bank of N.T. Butterfield & Son, Ltd. [BNTB] to ‘BBB’ from ‘BBB+’. At the same time, Standard & Poor’s affirmed its ‘A-2′ short-term ICR on the bank. The outlook... Read more of this article
S&P Affirm Bermuda’s Ratings, Outlook Negative
[Updated with Finance Minister's comments] Standard & Poor’s today [Apr 1] affirmed their ‘AA-/A-1+’ sovereign ratings on the Government of Bermuda, and said the outlook remains negative. S&P said, “The ratings on Bermuda are supported by our view of the country’s ongoing achievements in attracting and retaining... Read more of this article
S&P Lowers Ratings: Butterfield, HSBC Bermuda
[Updated] Citing a “persistent weakness in the economy,” Standard & Poor’s today [Sept 26] lowered the long-term issuer credit ratings on HSBC Bermuda and Bank of Butterfield, and said the outlooks on both banks is negative. S&P said, “These actions primarily result from our view that economic risks for Bermudian banks have... Read more of this article
