Treasury Minister Eddie Teare MHK welcomed the announcement today (17 December 2014) of the Isle of Man’s unchanged Aa1 credit rating by Moody’s Investors Service.
The Minister said,
'The opening sentences of the report by Moody’s make some powerful points, and I am delighted to see the Island described in this way.'
Moody’s commented:
'The Isle of Man’s Aa1 sovereign rating and stable outlook reflect the island’s resilient economy and the government’s robust finances. The former is supported by the economy’s stronger and less volatile growth than that of other offshore centres, and its significant diversification despite being a small economy.'
The Minister added,
'The Isle of Man is a great example of sustained economic success: an international financial centre which can be relied upon by its investors to provide a stable, pro-business environment in which they can flourish and by other countries as a responsible and reliable partner.'
