Island's credit rating remains unchanged

Tuesday, 4 October 2016 00:00

The Isle of Man's credit rating from a major agency has remained unchanged at "Aa1 negative".

In its announcement Moody's says the Island's moving away from banking into industries such as e-gaming, which will help it weather future problems.

But the agency also says the impact of Brexit will pose serious challenges and hurt our economic growth.

Treasury Minister Eddie Teare says the announcement reflects the Island's economic success.

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