American satirist jokes about IoM's AAA credit rating

Tue, 09 Aug 2011

The Isle of Man has become the butt of jokes by an American satirist who's miffed the country lost its AAA credit rating.

Last week, Standard and Poors downgraded the USA for the first time ever causing a massive plunge on the stock markets.

The news was met with shock and the financial services company has been accused of getting its sums wrong.

The Isle of Man has had a AAA rating for a number of years.

Comedian Jon Stewart took a pop on his current affairs program the Daily Show.[play audio file below]