The Isle of Man’s bond rating has been downgraded.
Moody’s Investors Services dropped it from AAA (TRIPLE A) to AA1 (DOUBLE A PLUS) on Friday.
Treasury Minister Eddie Teare says it’s not unexpected and comes as no surprise given the changing global economic environment.
He says - in effect - the new rating is the highest available to small jurisdictions such as the Island and the outlook for the new rating is stable.
Engineers confirm source of gas smell in Ramsey
Reports of a gas smell in Ramsey yesterday prompted engineers to carry out emergency works.
MHK questions if Island phones will get national warning alert
Will Island residents receive a test national warning alarm on their phones?
Trainee officers take on 40 mile kayak mission
Student constables will tackle a 40-mile kayak challenge this weekend for charity.
Join the RNLI team and help keep our waters safe
Ever wanted to join the RNLI? Well now's your chance!
Ramsey fireworks cancelled
A planned fireworks display in the north of the Island has been cancelled this weekend due to bad weather.
Plans to promote Manx goods to be scrutinised by MHKs
Efforts to promote Manx produce will come under scrutiny next week in the House of Keys.
Council announces final dates for garden waste collection
Douglas Council has announced the last dates it'll collect garden waste this year.
Manx Utilities hopes sewer cleaning means end of odour problems
Manx Utilities says it hopes the completion of cleaning works will mark the end of sewage odours on an estate in the West of the Island.
