The international credit rating agency, Standard & Poor's (S&P), has assigned a high grade AA+ credit rating for Guernsey.
The AA+ grade remains unchanged since S&P's last report on the Island and is the highest that a jurisdiction such as Guernsey, without its own currency, can achieve under the ratings methodology.
In its report S&P states that "The States of Guernsey has a wealthy and open economy, mature institutions, and strong track record of effective, stable, and transparent policymaking. Prudent fiscal policies and, in particular, revenue flexibility and sizable assets underpin the government's robust fiscal position."
"This confirms Guernsey's standing as an international finance centre." said Paul Wilkes, Group Partner at Collas Crill. "It is a reflection of our clients' continued confidence in the Island, its economy and world class infrastructure."
"The rating also provides welcome reassurance to our new emerging market clients when deciding to choose Guernsey" says Angela Calnan, Group Partner in the Fiduciary Team.
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments.
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