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Island keeps its AA3 Moody's credit rating

The Island has kept its AA3 credit rating, after the latest update by Moody's.

This matches the UK's score, according to a new report which analyses the Island's financial position. 

The American company also predicts a growth of 2.5 percent in the Island's GDP this year, rising to three percent in the future. 

Meanwhile government income is forecast to come in £24.1 million ahead of budget for 2025, boosting reserves to over £2 billion. 

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