Bermuda put on review for possible credit downgrade by Moody's

NEW YORK, April 3 Wed Apr 3, 2013 9:52am EDT

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NEW YORK, April 3 (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's economy remains in recession, making efforts to correct the fiscal deterioration more difficult," Moody's said in a statement.