Island retains good credit rating from Moody's

The Island has held onto it's positive credit rating in the latest report from ratings agency Moody's.

The Aa3 status reflects efforts in recent years to be more complicit with global tax standards, whilst cultivating a diverse on Island economy.

The announcement mirrors Moody's recent change in outlook for the UK Government, from Aa3 negative to Aa3 stable.

Treasury Minister Dr Alex Allinson MHK praised the news, saying the report is a welcome assessment of the progress being achieved and efforts being made to both protect and develop the Island's economy.