...Institutional and economic profile Flexibility and performance profile A wealthy economy and institutional stability support the ratings. + The Bermudian economy benefits from very high GDP per capita, which will remain strong despite a sizable contraction in 2020. + Bermuda benefits from institutional stability and its track record of implementing reforms to ensure sustainable public finances and economic growth over the long term. Fiscal discipline and a strong balance sheet will allow Bermuda to remain a net creditor, while external accounts remain strong, but monetary policy flexibility is limited. + Low fiscal deficits and ample government assets support our fiscal assessment, and limit the territory's need for additional borrowing over the next one-two years. + Bermuda's economy, grounded in the insurance sector, has supported the territory's external position, and we expect current account surpluses to continue over our rating horizon. + The territory does not have a central bank,...
