Standard & Poor’s re-affirms Guernsey’s credit rating

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.

The international credit rating agency has left this rating unchanged since the last evaluation in July 2016. It is based on a thorough assessment of the Bailiwick’s current circumstances and references interviews with a range of local business representatives, politicians, civil servants and regulators.

This rating demonstrates Guernsey’s ability to meet its financial commitments providing investors reassurance and insight into the financial stability of Guernsey as a jurisdiction and the level of risk associated with investing there.

Deputy Gavin St Pier, Guernsey’s Chief Minister said: "We are very pleased with the outcome of S&P’s latest review. It is a confirmation of the stability of our economy and our finances. In particular, we welcome the independent assessment of Guernsey’s continuing economic resilience in the face of global uncertainty, and S&P’s confirmation of our ability as a jurisdiction to manage the challenges that we face."

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