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Treasury welcomes Moody's rating

Fri, 30 Sep 2016

The Treasury says it's pleased after credit ratings agency Moody's gave the Isle of Man an unchanged rating.

The Island has an Aa1 rating, but the outlook was changed from stable to negative in June following the EU referendum in the UK.

The rating, which is one of the highest offered by the organisation, indicates the Island is a low risk creditor with little direct debt.

Following Moody's decision to leave the rating unchanged, the Manx Treasury welcomed the news, insisting that the Island is in a strong position financially and can be relied upon by investors.

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