Island retains top financial rating

Fri, 12 Nov 2010

Investor services company Moody's has confirmed that the Isle of Man has retained its AAA credit rating.

The organisation is regarded as the top body in rating financial juristictions.

Moody's had placed the Island on review for a possible downgrade from the top rating.

The announcement comes just weeks after Standard and Poors also confirmed its AAA rating for the Island.

The news has been welcomed by the Island's Treasury