Standard & Poors has confirmed that the Isle of Man has retained its ‘AAA' rating, the highest rating it awards.
In its report, S&P refers to the island’s “very strong credit standing” and the “proactive Government policy of promoting high value added industry”. It also noted that the Isle of Man has outperformed other ‘AAA’ jurisdictions such as Singapore, Bermuda, Luxembourg and the United Kingdom in respect of its growth during the last five years.
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