Rating agency Standard & Poor’s (S&P) has maintained Jersey’s credit rating at AA- as part of its regular, bi-annual review.
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.”
The Chief Minister, Senator Ian Gorst, commented: “The agency’s report does point out that economic uncertainty in the UK could impact on Jersey. This is something we have anticipated and are planning for.
“We have been able to update S&P on the work underway as a result of Brexit and they share our view that our institutional relationships with the UK and EU are not expected to materially change.”
- See more at: http://www.blglobal.co.uk/BusinessNews.aspx?id=jerseys-credit-rating-maintained-by-standard-and-poors#sthash.L7GOL6lm.dpuf
Written by Peter Harrison
|
January 30, 2017