Guernsey Assigned AA+ Credit Rating By S&P

The international credit rating agency, Standard& Poor's, has assigned Guernsey a high grade AA+ credit rating and has confirmed that the outlook is stable.

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 agency's ratings methodology.

Gavin St Pier, Guernsey's Treasury and Resources Minister, said: "We are delighted that Standard & 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."