Hashtag: #StandardPoors
S&P Global Ratings On Enstar Subsidiary
Enstar Group Limited announced today that the ratings agency S&P Global Ratings has assigned an Insurer Financial Strength Rating of ‘A’ with stable outlook to its Bermuda-based, wholly owned subsidiary, Cavello Bay Reinsurance Limited. A spokesperson said, “Cavello Bay is Enstar’s primary non-life run-off consolidator, and a Class 3B... Read more of this article
Standard & Poor’s Affirms Bermuda’s Ratings
Premier and Minister of Finance David Burt today announced that ratings agency Standard & Poor’s [S&P] has reaffirmed Bermuda’s A+ Sovereign Credit Rating and Bermuda’s A-1 short-term rating and its AA+ transfer and convertibility assessment. S&P also maintained the “stable” outlook for Bermuda’s Credit Rating. In... Read more of this article
Column: ‘Economy Moving In Right Direction’
[Opinion column written by MP Zane Desilva] In the coming 2-3 years, Moody’s expects fiscal performance will be supported by the recovery in economic activities. Moody’s expects growth performance to regain momentum compared to previous years, supporting a gradual downward trajectory in government debt. The tourism sector and investments... Read more of this article
S&P Reaffirmed Bermuda’s A+ Credit Rating
Premier and Minister of Finance David Burt today announced that ratings agency Standard & Poor’s [S&P] has reaffirmed Bermuda’s A+ Sovereign Credit Rating as well as Bermuda’s A-1 short-term rating and its AA+ transfer and convertibility assessment. A Government spokesperson said, “ S&P also maintained the “stable”... Read more of this article
ABIR ‘Strongly Oppose’ S&P Proposal
The Association of Bermuda Insurers and Reinsurers [ABIR] said they are “strongly opposing a proposal by Standard & Poor’s Global Ratings to disallow senior debt as a form of available capital,” calling the draft plan “disruptive” and an “overuse of market power.” ABIR’s technical response on numerous fronts is detailed... Read more of this article
Minister On Standard & Poor’s Ratings Review
While the Standard & Poor’s “report was very positive and endorsed all of the hard work the Government has done to date, it is also important to note that we must continue to be vigilant and maintain our prudent approach to management of the country’s finances, “Minister of Finance Curtis Dickinson said. Speaking in the House of... Read more of this article
Standard & Poor’s Affirms Bermuda’s Ratings
Minister of Finance Curtis Dickinson announced that ratings agency Standard & Poor’s [S&P] has affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as its A-1 short-term rating and its AA+ transfer and convertibility assessment as “Stable.” Minister Dickinson stated, “In light of our intention... Read more of this article
S&P Revises Outlook On Bermuda To Stable
Standard & Poor’s has revised their outlook on Bermuda to Stable from Positive. The Minister of Finance Curtis Dickinson announced that ratings agency Standard & Poor’s [S&P] has revised Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as its A-1 short-term rating and its AA+ transfer and convertibility... Read more of this article
Minister On Standard & Poor’s Rating Report
“I am pleased that S&P has viewed Bermuda in a positive light and has affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings,” Minister of Finance Curtis Dickinson said. Speaking in the House of Assembly today [Dec 13] the Minister said, ”I rise today to advise Honourable Members of the recent rating... Read more of this article
Standard & Poor’s Affirms Bermuda’s A+ Rating
Minister of Finance Curtis Dickinson today [Nov 20] announced that ratings agency Standard & Poor’s [S&P] has “affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as its A-1 short-term rating and its AA+ transfer and convertibility assessment on Bermuda after the Government borrowed $170 million... Read more of this article
Standard & Poor’s Affirms Bermuda ‘A+’ Ratings
The Minister of Finance Curtis Dickinson, today [May 12] announced that ratings agency Standard & Poor’s [S&P] has “affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as its A-1 short-term rating and its AA+ transfer and convertibility assessment on Bermuda. The outlook is positive”. Minister... Read more of this article
S&P Global Ratings On Global Reinsurance M&A
“Global reinsurers are having to review their long-term relevance in a tough market that features heightened competition, limited growth opportunities, and continued pressure on pricing,” S&P Global Ratings said. The company said, “S&P Global Ratings does not anticipate any let-up in the key factors underlying the sector’s... Read more of this article
S&P Revise Bermuda’s Outlook To Positive
Ratings agency Standard and Poor’s has revised its outlook on Bermuda from stable to positive, saying “Bermuda’s credit story is improving thanks to a return to positive real economic growth in 2017 and 2018.” S&P’s Global Ratings also affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well... Read more of this article
Standard & Poor’s Affirms Bermuda ‘A+’ Ratings
Deputy Premier and Minister of Finance Bob Richards today advised that Standard & Poor’s [S&P] has affirmed Bermuda’s rating at A+ and maintained our outlook at stable, and said he welcomed the ratings notification on Bermuda published by S&P. “Key drivers stated as the reasons for the affirmation are effective and predictable policymaking... Read more of this article
Finance Minister: S&P Rating Is ‘Positive 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. Minister Richards said: “The key drivers that were listed as the reasons for the affirmation are improving fiscal deficits... Read more of this article
Standard & Poor’s Affirms Bermuda’s A+ Rating
Standard & Poor’s has affirmed its ‘A+’ long-term issuer credit and senior unsecured debt ratings on Bermuda, saying that “Bermuda’s six-year long economic contraction has come to an end.” The ratings agency said, “On April 28, 2016, Standard & Poor’s Ratings Services affirmed its ‘A+’... Read more of this article
