Jersey's credit rating has been assessed by Standard &
Poor's (S&P) as part of the agency's regular, bi-annual
review. Following this assessment the agency has maintained the
Island's credit rating, one of the highest possible at AA-.
In its report, S&P noted –
"Our ratings on Jersey reflect our view of the Island's
strong and flexible institutions, wealthy economy and considerable
fiscal buffers.
"The stable outlook reflects our view that, over the next
two years, the risks to Jersey's financial sector and its
fiscal performance will be balanced by its still-significant
economic resilience."
Treasury and Resources Minister, Senator Alan Maclean, said
"This is extremely good news for Jersey, it confirms our
fiscal plans are robust. We have been able to
demonstrate how Jersey's financial sector has changed and how
non-bank financial services has grown.
