The Isle of Man’s bond rating has been downgraded.
Moody’s Investors Services dropped it from AAA (TRIPLE A) to AA1 (DOUBLE A PLUS) on Friday.
Treasury Minister Eddie Teare says it’s not unexpected and comes as no surprise given the changing global economic environment.
He says - in effect - the new rating is the highest available to small jurisdictions such as the Island and the outlook for the new rating is stable.
All jobs safe as Wetherspoons takes over 1886
A spokesman for UK pub chain Wetherspoons says all employees will transfer over to the company as it sets up its first Isle of Man venue.
Keys to discuss cashless Steam Packet payments
The House of Keys sits this morning, with 15 questions for members to ponder.
Stopping Parentcraft classes not ideal says Health Minister
Health Minister Claire Christian says the way Parentcraft classes were ended wasn't ideal.
Pop-up bar in Peel applies for alcohol licence
A planned Ibiza-style bar for the Sunset City this summer will find out if it's been granted an alcohol licence next month.
Baby heron looking for food
A charity is asking for donations of fish to help feed a baby heron.
Stiff competition expected at Woody open
A tennis club in the south of the Island says it's going back to the good old days for its next event.
Computer problems plaguing Manx Care
Manx Care says computer troubles may mean delays to appointments, test results and prescriptions today.
MHKs to lose free parking from May
Tynwald members have just one month left of free parking - before they'll have to stump up for it.
