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.
Hospitality closures to be queried in Keys
How many hospitality businesses have closed since the government launched its economic strategy?
Stamps commemorate D-Day landings
A new set of stamps commemorating the 80th anniversary of the D-Day landings will be released by the Isle of Man Post Office.
Water mains work brought forward
Works to replace a strategic water main has been brought forward to support roadworks on Vicarage Road.
Road closure to fell dead trees
The Old Castletown Road will shut near the Nunnery next month.
Ramsey's Tesco stores move to Merseyside
A Google glitch has relocated two Island Tesco stores 75 miles away.
Council plans Bottleneck improvements
Douglas Council says it wants to make a series of improvements at a car park on Douglas Promenade.
New landlord laws need more work, says minister
Infrastructure Minister Tim Crookall says he doesn't know when new laws about landlords and their properties will be finished.
Man drove over cocaine limit
A man who pleaded guilty to drug driving and public order offences has been fined a total of £1,000.
