The international credit rating agency, Standard & Poor’s, has confirmed that Guernsey’s credit rating remains at its highest possible level.
The AA+ (Stable outlook) rating, which represents an excellent assessment, is the highest that a jurisdiction such as Guernsey, without its own currency, can achieve under the ratings methodology.
In its latest rating announcement, Standard & Poor’s said Guernsey had 'a wealthy and open economy, generally strong institutional environment, and robust fiscal position based on a prudent fiscal framework and sizeable government assets.'
Dominic Wheatley, Chief Executive of Guernsey Finance, said: "Guernsey’s strong rating is evidence of our secure financial environment, which clients and their advisers are increasingly looking for. It also reinforces the Island’s position within the mainstream of international finance."