The international credit rating agency, Standard &
Poor's, has updated its rating of Guernsey following
December's
£330 million bond issue for the inaugural States of Guernsey
Bond.
Guernsey remains at AA+ (Stable outlook), which represents an
excellent assessment. It highlights a number of economic and
financial strengths which include the States of Guernsey's
revenue flexibility and sizable assets underpinned by the
government's robust fiscal position.
AA+ is the highest that a jurisdiction such as Guernsey, without
its own currency, can achieve under the ratings methodology.
Dominic Wheatley, Chief Executive of Guernsey Finance, said:
"This continued strong rating is consistent with how we see
Guernsey's international prospects as a finance centre and
endorses the Island's positioning within the mainstream of
international finance in terms of regulation, tax transparency and
common reporting standards, beneficial ownership, and anti-money
laundering and the
