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BRIEF-S&P affirms Bermuda's 'A+' rating with stable outlook
April 26, 2017 / 9:02 PM / 6 months ago

BRIEF-S&P affirms Bermuda's 'A+' rating with stable outlook

April 26 (Reuters) -

* Bermuda ‘A+’ rating affirmed on effective policymaking and high gdp per capita; outlook stable

* Affirming ‘A-1’ short-term rating and our ‘AA+’ transfer and convertibility assessment

* Stable outlook reflects expectations that fiscal deficits will continue to improve, resulting in no significant increase in debt

* Stable outlook reflects real GDP annual growth will be about 1% in 2017

* Stable outlook reflects territory will remain a net external creditor in the next two years

* Expect that GDP per capita should reach close to $99,100 for 2017 and per capita trend growth should be below 1% for 2017-2020 period

* Continue to view Bermuda as having below-average economic growth prospects compared with peers with similar high levels of GDP per capita Source text :

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