The international credit rating agency, Standard
& Poor's, has confirmed that Guernsey's credit
rating remains at its highest possible level.
The AA+ (Stable outlook) rating, which represents an excellent
assessment, 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:
"Guernsey's strong rating is evidence of our secure
financial environment, which clients and their advisers are
increasingly looking for. It also reinforces the Island's
position within the mainstream of international finance."
In its latest rating announcement, Standard & Poor's
said Guernsey had 'a wealthy and open economy, generally strong
institutional environment, and robust fiscal position based on a
prudent fiscal framework and sizeable government assets.'
