Following a recent evaluation, Standard & Poor’s (S&P) has re-affirmed the sovereign credit rating of Guernsey as AA-/A-1+ with a stable outlook. This rating reflects S&P’s confidence in Guernsey’s strong and flexible institutions, its healthy economy and robust fiscal framework.
Guernsey Financial Services Commission (GFSC) has confirmed a further quarter of growth for the Bailiwick’s investment funds sector. The net asset value of funds under management and administration grew by £2bn to £249.4bn in the quarter ending 30 September 2016. Overall, total assets increased by some 10.9% or £24.6bn over the twelve months to the end of September.