Wednesday 29 October 2014
The Treasury and Resources Department is today welcoming the news that the international credit rating agency, Standard & Poor's, has assigned a high grade AA+ credit rating to the Island and has confirmed the outlook as being stable.
Commenting on the announcement, Minister for the Treasury and Resources Department, Deputy Gavin St Pier, said:
"We are delighted that Standard and Poor's has reflected Guernsey's financial and economic stability with this AA+ rating.
"What is particularly welcome is the report's acknowledgement of the Island's prudent fiscal policies and strong track record of effective, stable and transparent policy making, together with its assessment of our stable outlook for the future."
The AA+ grade remains unchanged since Standard & Poor's last report on the Island and is the highest that a jurisdiction such as Guernsey, without its own currency, can achieve under the ratings methodology.
ENDS
