ARTICLE
24 April 2013

Cayman Finance Welcomes Moody's Outlook On Cayman

CF
Cayman Finance

Contributor

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Cayman Finance is the association representing the financial services industry of the Cayman Islands, a premier global financial hub that efficiently connects law abiding users and providers of investment capital and financing around the world, benefitting developed and developing countries. Learn more about Cayman Finance at www.caymanfinance.ky.
Cayman Finance CEO, Mr. Gonzalo Jalles, welcomed recent news that Moody’s credit ratings agency has affirmed its Aa3 sovereign rating for the Cayman Islands, viewing the outlook on the country as 'stable'.
Cayman Islands Wealth Management

15 February 2013 " Cayman Finance CEO, Mr. Gonzalo Jalles, welcomed recent news that Moody's credit ratings agency has affirmed its Aa3 sovereign rating for the Cayman Islands, viewing the outlook on the country as 'stable'.

"At a time when the global economic recovery remains uncertain and most countries around the world face serious challenges, it is pleasing to note that Moody's recognizes the strength of the Cayman economy and the long term prospects for the Cayman Islands remain very strong in the eyes of economic experts", said Mr. Jalles.

He explained the decision to maintain Cayman's current high ratings shows the long term strength of the Cayman Islands economy remains strong.

"This bodes well for our jurisdiction because it shows the resilience of our financial services and tourism industry", said Mr Jalles. He explained that in the eyes of clients and investors, the country's very high sovereign rating is important to maintain and a decision factor when choosing a jurisdiction to do business with. "The strength of our economy is something we should be proud of especially when comparing to some of our competitors."

For further information on Cayman Finance, please visit www.caymanfinance.ky.

Cayman Finance Contact:

Lynne Byles
Tower Marketing
345 623 6700
lynne@tower.com.ky

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