Guernsey's Standard & Poor's credit rating as been affirmed as 'AA-/A-1+' with a stable outlook.
Deputy Lyndon Trott, Vice-President of the States of Guernsey Policy & Resources Committee, said:
"S&P has noted that, like virtually all jurisdictions, COVID-19 will impact our economy but, because of our stability; our still low levels of debt; and our government liquid assets which are described as a 'key strength' and buffer against economic shocks, there is no change in our creditworthiness.
"Our credit rating was one of the key factors in recently being able to secure a revolving credit facility at attractive rates in order to provide funding for our immediate response to the financial consequences of the pandemic on our community."
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
