Wednesday, April 3, 2013

Bermuda facing credit downgrade by Moody's

(Reuters) - Moody's Investors Service on Wednesday warned it may downgrade Bermuda's Aa2 sovereign credit rating, citing prospects for further increases in already elevated government debt levels.

"In addition, the island-nation's economy remains in recession, making efforts to correct the fiscal deterioration more difficult," Moody's said in a

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