Island's credit outlook downgraded

Thu, 30 Jun 2016

The Island's credit outlook has been downgraded from 'stable' to 'negative'.

Moody's Investors Service has affirmed the Aa1 rating but changed the outlook of it.

It says the Island's creditworthiness is strongly linked to the UKs which had its own rating changed on Monday following the EU referendum decision.

Treasury Minister Eddie Teare says the change 'is not unexpected'.