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Jersey maintains its financial credit rating

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JERSEY has maintained its credit rating after a review found that the Island had a 'wealthy economy' and 'considerable fiscal buffers'.

The review, carried out by financial services company Standard and Poor's, gave the Island a credit rating of AA-, one of the highest possible ratings.

S&P reviews countries on a scale of AAA to D.

In July last year, the Island's credit rating was downgraded from AA status in the wake of the UK's decision to leave the European Union and the impact that might have on the Island's economy.

Treasury Minister Alan Maclean said that maintaining the AA- status was 'extremely good news for Jersey'.

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