KBRA Affirms A+/K1+ Ratings for Bermuda; Outlook Revised to Positive
29 Apr 2026 | New York
KBRA affirms long-term issuer ratings of A+ for Bermuda. KBRA also affirms short-term ratings of K1+. The Outlook on the long-term ratings has been revised to Positive from Stable.
| This credit rating is an unsolicited credit rating. | |
|---|---|
| With Rated Entity or Related Third-Party Participation | Yes |
| With Access to Internal Documents | No |
| With Access to Management | Yes |
Bermuda’s ratings reflect its high wealth and strong institutions, including a top-quality regulatory environment, which underpins its status as a financial hub. Bermuda’s Positive Outlook reflects the constructive structural shift to government finances provided by the new corporate income tax (CIT). While risks exist, mainly because of the likely variability of corporate profits, expectations for significantly higher revenue mobilization will facilitate debt reduction and the rollout of payroll and other tax deductions to the benefit of the economy.
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