Advertisement

Good news from credit rating agency

by isleofman.com 2nd December 2009

The Isle of Man's financial standing around the world has been reinforced.

The credit rating agency Standard and Poor's has renewed the Island's 'Triple A' validation.

The rating is an indicator of a jurisdiction's level of public debt, and is considered important among international investors.

Standard and Poor's looked again at the Island's financial position following changes to the VAT sharing arrangement with the United Kingdom, which will lead to a substantial loss of revenues in the years ahead.

Treasury Minister Allan Bell has welcomed the rating renewal and says the Isle of Man has shown it has the will and financial strength to balace budgets and ensure future economic success.

Posted by isleofman.com
Wednesday 2nd, December 2009 05:55pm.

Popular Articles

Upcoming Events

Bridge Club

Monday is Bridge Day at the Onchan Pensioner's Social Club   We have two bridge clubs that meet on a weekly...
17 Mar

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
22 Mar
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide