Standard & Poor’s (S&P) credit rating for Jersey is unchanged at AA-/A-1+.

In its latest review, S&P confirmed that there is no change to the long and short-term sovereign credit rating for Jersey.

In its report S&P noted that its rating is based on a stable outlook for the Island, which is underpinned by the Government’s strong balance sheet and substantial reserves. It’s also supported by strong and flexible institutions, a healthy economy, and affordable borrowing programme.

The Minister for Treasury and Resources, Deputy Susie Pinel, said: “I am pleased that our strong credit rating is unchanged, and that S&P continues to see Jersey as a stable economy.”