In its latest report, Standard and Poor’s (S&P) has decided to maintain Jersey’s sovereign credit rating of ‘AA-/A-1+’, which is one of the highest grades, stating that ‘fiscal buffers nonetheless remain very substantial. We are therefore affirming our ‘AA-/A-1+’ long- and short-term sovereign credit ratings on Jersey. The outlook remains stable.’

Commenting on the latest sovereign credit rating, Joe Moynihan, Chief Executive Officer at Jersey Finance said:

“This rating is a positive reflection of the stability and resilience of our jurisdiction and puts us in a strong position to navigate these extraordinary times”.