| Title: | Summary: Bermuda |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on Bermuda reflect the country's low government indebtedness--among the lowest of rated sovereigns. Given the fixed exchange rate with the U.S. dollar, such policy flexibility is key to creditworthiness. Standard&Poor's Ratings Services projects gross general government debt at 6%-13% of GDP in 2008-2010. The recently re-elected Progressive Labor Party has espoused commitment to improved social services while maintaining fiscal prudence. Bermuda has the third-highest level of per capita GDP among Standard&Poor's 118 rated sovereigns. A favorable macroeconomic policy mix and tax and regulatory regimes have bolstered long-term growth in Bermuda's international financial services sector, helping it continue as the main engine of economic growth. Strong links with the U.S. economy have stood the island |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Bermuda Publication date: ##-Apr-#### Primary Credit Analyst: Nikola G Swann, CFA, FRM, Toronto (#) ###-###-####; nikola_swann@standardandpoors.com Secondary Credit Analyst: Lisa M Schineller,... |
| Word Count: | 729 |
| Ticker: | 5828Z |
| Issuer: | Bermuda |
| Sector: | Global Issuers, Sovereigns |
| Country: | Bermuda |
| Region: | Latin America |
| Format: | 
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