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Isle of Man Retains "AAA" Rating from Standard & Poors 11 July 2007

Standard and Poors, the external ratings agency, have today confirmed that the Isle of Man has retained its ‘AAA’ rating, the highest rating that it awards.

In its report, Standard and Poors refer to the Islands “very strong credit standing” and the “proactive Government policy of promoting high value added industry”. It also noted that the Isle of Man has outperformed other ‘AAA’ jurisdictions such as Singapore, Bermuda, Luxembourg and the United Kingdom in respect of its growth during the last five years.

The Treasury Minister, Allan Bell MHK, reacted to the announcement by stating

“It is always welcome to receive external confirmation that the Island’s economy is in good shape. The Isle of Man represents a great place to do business. We expect that confirmation of the rating will continue to attract potential investors to the Island and give further boost to our dynamic economy.”

Further information from :

Mark Shimmin,
Chief Financial Officer,
The Treasury,
Isle of Man.
Telephone: (01624) 685586
Fax: (01624) 685662

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