Jersey's Sovereign Credit Rating Maintained

The international credit rating agency, Standard & Poor's (S&P), has re-affirmed the sovereign credit rating for Jersey as AA-/A-1 + with a stable outlook. This is one of the highest possible ratings and it follows the agency's latest bi-annual evaluation.

This analysis is largely based on updated information from their last visit to the Island, in January of this year, when they met politicians, senior civil servants, regulators and business representatives. The rating committee agreed that the updated information confirmed that all key rating factors were unchanged.

In its report S&P noted 'the Island's strong and flexible institutions, wealthy economy and considerable fiscal buffers'.