Bernews.com: "Bermuda is one of 19 countries downgraded in Aon’s 2011 Political Risk Map, its benchmark annual review of political and economic risks.
Aon Corporation,a leading international provider of risk management services, insurance and reinsurance brokerage, lowered Bermuda’s rating from a low-risk jurisdiction to medium low-risk. Despite its downgrade, Bermuda still has Aon’s second-highest rating as a medium low-risk country.
Bermuda was downgraded along with other island countries including Antigua & Barbuda, Bahamas, Barbados,the Cayman Islands, Comoros, Dominica, Grenada, Greenland, Antilles, St Vincent, Trinidad, St. Lucia and St. Kitts & Nevis “due to tighter global credit conditions which could lead to an increase in sovereign non-payment risk”, according to Aon."
Aon Corporation,a leading international provider of risk management services, insurance and reinsurance brokerage, lowered Bermuda’s rating from a low-risk jurisdiction to medium low-risk. Despite its downgrade, Bermuda still has Aon’s second-highest rating as a medium low-risk country.
Bermuda was downgraded along with other island countries including Antigua & Barbuda, Bahamas, Barbados,the Cayman Islands, Comoros, Dominica, Grenada, Greenland, Antilles, St Vincent, Trinidad, St. Lucia and St. Kitts & Nevis “due to tighter global credit conditions which could lead to an increase in sovereign non-payment risk”, according to Aon."
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