S&P ups Bermuda outlook to positive

Standard & Poor's said it revised its outlook on its long-term ratings on Bermuda to positive from stable.

S&P said it also affirmed its AA long-term and A-1+ short-term sovereign credit ratings on Bermuda.

The positive outlook reflects continued vibrancy in Bermuda's competitive international business sector amid ongoing sound economic management, according to the agency, which noted that Bermuda's ratings are supported by a very low level of government indebtedness - one that is among the lowest of rated sovereigns.

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